AVIENT CORP (AVNT) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $48.30 million, or $0.52 per share. This compares with $27.80 million, or $0.30 per share, last year.
Excluding items, AVIENT CORP reported adjusted earnings of $45.10 million or $0.49 per share for the period.
Analysts on average had expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.8% to $746.50 million from $719.00 million last year.
AVIENT CORP earnings at a glance (GAAP) :
-Earnings: $48.30 Mln. vs. $27.80 Mln. last year.
-EPS: $0.52 vs. $0.30 last year.
-Revenue: $746.50 Mln vs. $719.00 Mln last year.
FY25 EPS Guidance $2.70 - $2.94
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