A. Schulman Q1 Profit Rises - Quick Facts

(RTTNews) - A. Schulman, Inc. (SHLM) Monday reported first-quarter profit of $12.4 million or $0.43 per share, up from $11.8 million or $0.40 per share in the same period last year.

Adjusted earnings for the quarter was $16.7 million or $0.57 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.47 per share. Analysts' estimates typically exclude special items.

Sales increased 10 percent to $585.4 million from $532.1 million last year.

Looking ahead to the fiscal 2014, the company has raised its adjusted earnings guidance to a range of $2.13 to $2.18 per share from its previous guidance range of $2.08 to $2.13 per share. Analysts currently expect full-year earnings of $2.10 per share.