Neenah Paper, Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Neenah Paper, Inc. (NP) revealed a profit for third quarter that declined from the same period last year.

The company's bottom line totaled $3.3 million, or $0.19 per share. This compares with $7.9 million, or $0.46 per share, in last year's third quarter.

Excluding items, Neenah Paper, Inc. reported adjusted earnings of $6.5 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 40.5% to $267.9 million from $190.7 million last year.

Neenah Paper, Inc. earnings at a glance:

-Earnings (Q3): $6.5 Mln. vs. $9.4 Mln. last year. -EPS (Q3): $0.38 vs. $0.55 last year. -Analysts Estimate: $0.42 -Revenue (Q3): $267.9 Mln vs. $190.7 Mln last year.