Omnova Adjusted Earnings Fall 40%, But Beat Estimates

Omonva’s fiscal third-quarter adjusted net income fell 40% year-on-year, to $4.3 million, the company says. Net income, including non-recurring charges, fell 88%, to $400,000. Adjusted diluted EPS, not including charges, fell to 9 cts/share, beating analysts’ estimates of 5 cts/share, according to Thomson One (New York). Including the charges, Omnova’s third-quarter income totaled 1 ct/share....

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