RPM International: Fiscal 2Q Earnings Snapshot
MEDINA, Ohio (AP) _ RPM International Inc. (RPM) on Friday reported fiscal second-quarter earnings of $49.2 million.
On a per-share basis, the Medina, Ohio-based company said it had net income of 37 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 52 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The specialty chemicals company posted revenue of $1.36 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.4 billion.
RPM International shares have decreased almost 7 percent since the beginning of the year. The stock has increased roughly 3 percent in the last 12 months.