NEW YORK (TheStreet) --A. Schulman Inc.
(SHLM - Get Report) reported its 2014 fiscal third quarter earnings, which showed an increase in net income to $19.1 million, or 65 cents per diluted share, compared to $10 million, or 34 cents per diluted share from the same period last year.
The company, a supplier of plastic compounds, resins, and services, said its adjusted net income for the most recent quarter was $21.8 million, or 74 cents per diluted share, compared to $14.8 million, or 50 cents per diluted share from the 2013 third quarter.
Net sales increased 14% to $645.7 million for the 2014 third quarter, compared to $548.6 million from the year ago quarter.
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Shares of A. Schulman are down -2.10% to $38.70 in after-hours trading on Tuesday.
Separately, TheStreet Ratings team rates SCHULMAN (A.) INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCHULMAN (A.) INC (SHLM) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
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