A. Schulman Inc. Q1 Earnings Fall 19%

(RTTNews) - A. Schulman Inc. (SHLM) announced a profit for first quarter that declined from last year.

The company said its bottom line came in at $14.88 million, or $0.50 per share. This was lower than $18.48 million, or $0.63 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $649.22 million. This was up from $615.05 million last year.

A. Schulman Inc. earnings at a glance:

-Earnings (Q1): $14.88 Mln. vs. $18.48 Mln. last year. -Earnings Decline (Y-o-Y): -19.5% -EPS (Q1): $0.50 vs. $0.63 last year. -EPS Decline (Y-o-Y): -20.6% -Analysts Estimate: $0.61 -Revenue (Q1): $649.22 Mln vs. $615.05 Mln last year. -Revenue Change (Y-o-Y): 5.6%

-Guidance: Full year EPS guidance: $2.80 to $2.85