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PolyOne Warns on Third-Quarter Earnings

1:08 PM MDT | September 17, 2008 | Nancy Seewald

PolyOne says "it will be a challenge" to meet analysts’ consensus of 13 cts/share for its third quarter earnings, and the company has lowered its expectations for revenues during the second half of 2008. The company cites weakened European demand and sales growth, demand and pricing trends in the North American automotive and housing markets, and the negative impact of Hurricane Ike on its Texas facilities. “August was a difficult month and early indications are that these industry conditions may continue,” says Stephen Newlin...

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