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People & Business :: Earnings/Finance

PolyOne tops estimates, forecasts double-digit growth in fourth quarter

8:51 AM MDT | October 24, 2012 | Rebecca Coons

Higher margins and a better product mix lifted PolyOne’s third-quarter earnings above year-ago levels and analysts’ estimates, and, in stark contrast to many chemical firms reporting this week, the company says it expects double-digit earnings growth in the current quarter. PolyOne reported net income of $24 million for the quarter ended 30 September 2012, 11% higher than the year-ago period.  Excluding onetime items, earnings increased 27%, to 33 cts/share. Analysts’ consensus was for 31 cts/share, as reported by Thomson Reuters (New...

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