PolyOne Corp Q2 adjusted earnings Beat Estimates

(RTTNews) - PolyOne Corp (POL) released a profit for second quarter that decreased from last year.

The company's profit came in at $42.1 million, or $0.54 per share. This compares with $51.3 million, or $0.63 per share, in last year's second quarter.

Excluding items, PolyOne Corp reported adjusted earnings of $57.3 million or $0.74 per share for the period.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $903.8 million from $914.8 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q2): $57.3 Mln. vs. $57.5 Mln. last year. -EPS (Q2): $0.74 vs. $0.71 last year. -Analysts Estimate: $0.73 -Revenue (Q2): $903.8 Mln vs. $914.8 Mln last year.