PolyOne Corp Q3 adjusted earnings Inline With Estimates

(RTTNews) - PolyOne Corp (POL) revealed a profit for its third quarter that rose from last year.

The company's earnings came in at $50.2 million, or $0.62 per share. This compares with $40.2 million, or $0.49 per share, in last year's third quarter.

Excluding items, PolyOne Corp reported adjusted earnings of $50.0 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.9% to $883.0 million from $818.5 million last year.

PolyOne Corp earnings at a glance:

-Earnings (Q3): $50.0 Mln. vs. $47.4 Mln. last year. -EPS (Q3): $0.62 vs. $0.58 last year. -Analysts Estimate: $0.62 -Revenue (Q3): $883.0 Mln vs. $818.5 Mln last year.