A. Schulman Q2 Profit Declines; Lifts FY14 Adj. EPS Outlook - Quick Facts

(RTTNews) - A. Schulman, Inc. (SHLM) Monday reported second-quarter net income attributable to the company of $6.9 million or $0.23 per share, compared to $11.8 million or $0.40 per share in the same period last year.

Adjusted net income for the quarter was $11.3 million or $0.39 per share, up from $8.2 million or $0.28 per share in the prior year quarter. On average, four analysts polled by Thomson Reuters expected the company to earn $0.33 per share. Analysts' estimates typically exclude special items.

Sales for the latest second quarter increased to $588.51 million from $515.44 million in the year-ago period.

Looking ahead to the fiscal 2014, the company has raised its adjusted earnings guidance to a range of $2.23 to $2.28 per share from its previous guidance range of $2.13 to $2.18 per share. Analysts currently expect full-year earnings of $2.16 per share.