Neenah Paper, Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Neenah Paper, Inc. (NP) revealed earnings for third quarter that declined from last year.

The company's earnings totaled $7.9 million, or $0.46 per share. This compares with $14.4 million, or $0.84 per share, in last year's third quarter.

Excluding items, Neenah Paper, Inc. reported adjusted earnings of $9.4 million or $0.55 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.7% to $190.7 million from $231.8 million last year.

Neenah Paper, Inc. earnings at a glance:

-Earnings (Q3): $9.4 Mln. vs. $16.3 Mln. last year. -EPS (Q3): $0.55 vs. $0.95 last year. -Analysts Estimate: $0.26 -Revenue (Q3): $190.7 Mln vs. $231.8 Mln last year.