PolyOne Corp Q4 adjusted earnings Inline With Estimates

(RTTNews) - PolyOne Corp (POL) announced a profit for fourth quarter that dropped from last year.

The company's earnings came in at $11.4 million, or $0.14 per share. This compares with $38.0 million, or $0.46 per share, in last year's fourth quarter.

Excluding items, PolyOne Corp reported adjusted earnings of $32.7 million or $0.41 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $834.0 million from $800.6 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q4): $32.7 Mln. vs. $33.2 Mln. last year. -EPS (Q4): $0.41 vs. $0.41 last year. -Analysts Estimate: $0.41 -Revenue (Q4): $834.0 Mln vs. $800.6 Mln last year.