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Chemical Week Magazine :: Newsbriefs
A. Schulman first-quarter earnings decline
9:28 AM MST | January 11, 2013
A. Schulman recorded fiscal first-quarter earnings down 13.2% year-on-year, to $11.8 million, on sales up 4.5%, to $540.6 million. Adjusted earnings totaled 50 cts/share, slightly ahead of analysts’ consensus estimate of 49 cts/share, as reported by Thomson Reuters (New York). A. Schulman’s fiscal first quarter ended on 30 November. The company reiterated its full-year 2013 earnings guidance of $2.14–2.19/share. “We are very encouraged to see modest volume growth in all regions. Excluding acquisitions and foreign currency impact, volume...
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