A. Schulman Inc. Beats Q1 Earnings Views; Reaffirms FY15 Outlook

A. Schulman Inc. NASDAQ: SHLM) gained nearly 2 percent in Tuesday's extended session after the company beat first-quarter earnings expectations and reaffirmed its 2015 outlook. The Akron, Ohio, supplier of plastic compounds and resins continues to expect 2015 adjusted income of $2.60 to $2.65 a share, but said a slow global economy and currency fluctuation will make 2015 "challenging." Analysts expect 2015 earnings of $2.61 a share. The company posted net income from continuing operations of $13.2 million, or $0.45 a share, compared with $12.4 million, or $0.43 a share a year earlier. Sales grew 5 percent to $615.1 million, from $585.4 million in the prior-year quarter. Adjusted income equaled $0.63 a share, up about 10 percent from last year. Wall Street expected adjusted earnings of $0.60 cents a share, on sales of $644.4 million. Shulman changed hands recently at $37 a share, up $0.69 cents.