Polypore Slips To Q2 Loss - Quick Facts

(RTTNews) - Filtration technology company Polypore International, Inc. (PPO) Wednesday reported second-quarter a net loss attributable to the company of $4.9 million or $0.11 per share, compared to net income of $15.4 million or $0.33 per share in the prior-year quarter.

Loss from continuing operations for the quarter was $4.6 million or $0.10 per share, compared to income of $12.5 million or $0.27 per share last year. Excluding items, adjusted income from continuing operations was $15.9 million or $0.35 per share, compared to $16.1 million or $0.35 per share in the year-ago quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter declined to $166.6 million from $168.9 million in the prior year. Analysts estimated sales of $169.08 million. Excluding the effect of foreign currency translation, sales declined 3 percent.