OMNOVA Solutions Inc (OMN) revealed earnings for its first quarter that gained ground from last year.
The company said its bottom line advanced to $2.1 million, or $0.05 per share. This was higher than $1.9 million, or $0.04 per share, in last year's first quarter.
Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 0.4% to $174.6 million. This was down from $175.3 million last year.
OMNOVA Solutions Inc earnings at a glance:
-Earnings (Q1): $2.1 Mln. vs. $1.9 Mln. last year.
-Earnings Growth (Y-o-Y): 10.5%
-EPS (Q1): $0.05 vs. $0.04 last year.
-EPS Growth (Y-o-Y): 25.0%
-Analysts Estimate: $0.05
-Revenue (Q1): $174.6 Mln vs. $175.3 Mln last year.
-Revenue Change (Y-o-Y): -0.4%
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