A. Schulman Reports Fiscal 2016 Third Quarter Results
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A. Schulman (SHLM) Tops Q3 EPS by 1c; Offers Lucent Update
June 28, 2016 5:16 PM EDTA. Schulman (NASDAQ: SHLM) reported Q3 EPS of $0.79, versus the analyst estimate of $0.78. Revenue for the quarter came in at $650.4 million versus the consensus estimate of $648.77 million.A. Schulman reaffirmed FY2016 guidance.
Lucent Update
As previously reported, the Company identified quality reporting issues affecting certain product lines at two former Citadel manufacturing facilities that were once part of Lucent Polymers, which was acquired as part of the Citadel acquisition. Specifically, the Company discovered discrepancies between laboratory data and certifications provided by Lucent to customers with respect to certain products using recycled... More
