A. Schulman Q4 Profit Tops Estimate

(RTTNews) - A. Schulman, Inc. (SHLM) reported net income for the fourth quarter of $15.2 million or $0.52 per share, compared to a net loss of $2.7 million or $0.09 per share for the year-ago quarter.

Earnings from continuing operations for the fourth quarter was $0.51 per share, compared to a loss from continued operations of $0.04 per share in the prior year quarter.

Excluding items, adjusted earnings for the fourth quarter were $0.66 per share, compared to $0.55 per share last year.

Analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the fourth quarter. Analysts' estimates typically exclude special items.

Net sales for the fourth quarter rose 16.8% to $627.4 million from $537.3 million a year ago.

For the fiscal year 2015, the company forecasts adjusted earnings of $2.60 to $2.65 per share. Analysts currently expect the company to earn $2.60 per share for the fiscal year 2015.