WASHINGTON (dpa-AFX) - Schweitzer-Mauduit Inc. (SWM) reported a profit for third quarter that decreased from the same period last year.
The company's bottom line came in at $27.7 million, or $0.90 per share. This compares with $41.0 million, or $1.33 per share, in last year's third quarter.
Excluding items, Schweitzer-Mauduit Inc. reported adjusted earnings of $31.2 million or $1.01 per share for the period.
Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Schweitzer-Mauduit Inc. earnings at a glance:
-Earnings (Q3): $31.2 Mln. vs. $24.9 Mln. last year. -EPS (Q3): $1.01 vs. $0.78 last year. -Analysts Estimate: $0.83
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