WASHINGTON (dpa-AFX) - Kraton Performance Polymers, Inc. (KRA) announced earnings for its first quarter that increased from last year.
The company said its bottom line advanced to $24.91 million, or $0.80 per share. This was up from $24.16 million, or $0.76 per share, in last year's first quarter.
Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 60.6% to $419.92 million. This was up from $261.43 million last year.
Kraton Performance Polymers, Inc. earnings at a glance:
-Earnings (Q1): $24.91 Mln. vs. $24.16 Mln. last year. -Earnings Growth (Y-o-Y): 3.1% -EPS (Q1): $0.80 vs. $0.76 last year. -EPS Growth (Y-o-Y): 5.3% -Analysts Estimate: $0.55 -Revenue (Q1): $419.92 Mln vs. $261.43 Mln last year. -Revenue Change (Y-o-Y): 60.6%
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