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Ferro earnings up as specialty plastics, polymer additives businesses discontinue
3:29 PM MDT | July 30, 2014 | Lindsay Frost
Ferro today announced its second quarter results from continuing operations, and the company now fully recognizes substantially all of its specialty plastics and polymer additives segments as discontinued operations. The company sold specialty plastics to A. Schulman last month and is looking to sell polymer additives. Net income of $9.9 million was up from a reported loss of $2.1 million year-over-year (YOY). Earnings per share of 11 cts/share were down from analyst estimates of 16 cts/share, according to Thomson Reuters (New York), but include the discontinued...
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