KeyBanc Downgrades A. Schulman (SHLM) to Sector Weight Following Negative Earnings Pre-announcement
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A. Schulman Revises Full-Year Fiscal 2016 Adjusted Earnings Guidance
March 14, 2016 8:30 AM EDTAKRON, Ohio, March 14, 2016 /PRNewswire/ -- A. Schulman, Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds, composites, powders and resins, today announced that the Company has lowered its full-year fiscal 2016 adjusted earnings guidance to be in the range of $2.40 to $2.45 per diluted share, on a preliminary basis.
"We are extremely disappointed with our preliminary view of second quarter results which is expected to yield adjusted earnings of approximately $0.25 to $0.30 per share on a diluted basis," stated Bernard Rzepka, President and Chief Executive Officer. "First, the business teams have been... More
