PolyOne Corp Reveals 5% Advance In Q2 Profit

(RTTNews) - PolyOne Corp (POL) reported a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $53.2 million, or $0.63 per share. This was up from $50.9 million, or $0.57 per share, in last year's second quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $861.5 million. This was down from $887.1 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q2): $53.2 Mln. vs. $50.9 Mln. last year. -Earnings Growth (Y-o-Y): 4.5% -EPS (Q2): $0.63 vs. $0.57 last year. -EPS Growth (Y-o-Y): 10.5% -Analysts Estimate: $0.61 -Revenue (Q2): $861.5 Mln vs. $887.1 Mln last year. -Revenue Change (Y-o-Y): -2.9%