A. Schulman Inc. Profit Declines 3% In Q1

(RTTNews) - A. Schulman Inc. (SHLM) announced earnings for first quarter that fell from last year.

The company said its bottom line declined to $14.40 million, or $0.49 per share. This was down from $14.88 million, or $0.50 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.6% to $600.00 million. This was down from $649.22 million last year.

A. Schulman Inc. earnings at a glance:

-Earnings (Q1): $14.40 Mln. vs. $14.88 Mln. last year. -Earnings Decline (Y-o-Y): -3.2% -EPS (Q1): $0.49 vs. $0.50 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $0.45 -Revenue (Q1): $600.00 Mln vs. $649.22 Mln last year. -Revenue Change (Y-o-Y): -7.6%

-Guidance: Full year EPS guidance: $2.08 - $2.18 Full year revenue guidance: $2.5 - $2.6 Bln