More on Schulman (SHLM): FQ2 misses on both counts despite a 5.5% increase in total sales. Net...
More on Schulman (SHLM): FQ2 misses on both counts despite a 5.5% increase in total sales. Net earnings rose 30% Y/Y, boosted by a tax benefit, though the company says it continues to restructure in Europe to address weakening market trends, and was initiating further consolidation efforts in Brazil. Due to weakening trends, the company is lowering its per-share earnings estimate to between $2.08 to $2.13 from previous estimates of $2.14 to $2.19. Shares -6% AH.
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