PolyOne Corporation (POL) Wednesday reported first-quarter net income from continuing operations attributable to the company of $11.2 million or $0.12 per share, down from $15.3 million or $0.17 per share in the same quarter last year.
Adjusted net income for the quarter improved to $28.9 million or $0.31 per share, from $21.5 million or $0.24 per share a year ago. On average, seven analysts polled by Thomson Reuters estimated earnings of $0.26 per share. Analysts' estimates typically exclude one-time items.
Revenues for the quarter grew 7.5 percent to $801.1 million from $745.5 million in the same quarter last year. Analysts estimated revenues of $817.05 million for the quarter.
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