PolyOne Corp Q1 adjusted earnings Miss Estimates

(RTTNews) - PolyOne Corp (POL) released earnings for first quarter that dropped from last year.

The company's profit totaled $38.2 million, or $0.49 per share. This compares with $46.9 million, or $0.58 per share, in last year's first quarter.

Excluding items, PolyOne Corp reported adjusted earnings of $49.7 million or $0.64 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.2% to $899.9 million from $901.6 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q1): $49.7 Mln. vs. $55.1 Mln. last year. -EPS (Q1): $0.64 vs. $0.68 last year. -Analysts Estimate: $0.66 -Revenue (Q1): $899.9 Mln vs. $901.6 Mln last year.