Schulman (SHLM) Tops Q3 EPS by 8c; Boosts FY Outlook

Schulman (NASDAQ: SHLM) is trading up 2% after-hours after the company reported Q3 EPS of $0.74, $0.08 better than the analyst estimate of $0.66. Revenue for the quarter came in at $645.74 million versus the consensus estimate of $627.5 million.

Schulman sees Q4 2014 EPS of $0.61-$0.66, versus the consensus of $0.67, and raised FY2014 EPS of $2.31-$2.36, versus the consensus of $2.27.

Joseph M. Gingo, Chairman, President and Chief Executive Officer, said, "I am pleased with our excellent third-quarter financial results which reflect continued demand in our key end markets as well as contributions from our recent acquisitions. Unlike last year's unusual third quarter, I believe we have returned to our typical historic pattern where our third quarter is the strongest. While our results are strong, we will continue to look for operational efficiencies, drive product mix improvement and seek acquisitions that expand our markets and provide profitable growth."

For earnings history and earnings-related data on Schulman (SHLM) click here.

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