PolyOne Corp Bottom Line Climbs 16% In Q1

(RTTNews) - PolyOne Corp (POL) announced a profit for its first quarter that advanced from last year.

The company said its bottom line climbed to $48.2 million, or $0.56 per share. This was higher than $41.6 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.49 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.0% to $847.0 million. This was down from $873.1 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q1): $48.2 Mln. vs. $41.6 Mln. last year. -Earnings Growth (Y-o-Y): 15.9% -EPS (Q1): $0.56 vs. $0.46 last year. -EPS Growth (Y-o-Y): 21.7% -Analysts Estimate: $0.49 -Revenue (Q1): $847.0 Mln vs. $873.1 Mln last year. -Revenue Change (Y-o-Y): -3.0%