Kraton Performance Polymers, Inc. Announces 29% Rise In Q3 Earnings

(RTTNews) - Kraton Performance Polymers, Inc. (KRA) revealed a profit for its third quarter that rose from last year.

The company said its bottom line advanced to $14.96 million, or $0.48 per share. This was higher than $11.58 million, or $0.35 per share, in last year's third quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.7% to $269.01 million. This was down from $318.97 million last year.

Kraton Performance Polymers, Inc. earnings at a glance:

-Earnings (Q3): $14.96 Mln. vs. $11.58 Mln. last year. -Earnings Growth (Y-o-Y): 29.2% -EPS (Q3): $0.48 vs. $0.35 last year. -EPS Growth (Y-o-Y): 37.1% -Analysts Estimate: $0.62 -Revenue (Q3): $269.01 Mln vs. $318.97 Mln last year. -Revenue Change (Y-o-Y): -15.7%