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Myers: 2Q Earnings Snapshot

July 30, 2019

AKRON, Ohio (AP) _ Myers Industries Inc. (MYE) on Tuesday reported second-quarter profit of $6.6 million.

On a per-share basis, the Akron, Ohio-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs, came to 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The maker of plastic products posted revenue of $134.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $138.5 million.

Myers expects full-year earnings in the range of 75 cents to 85 cents per share.

Myers shares have risen 19% since the beginning of the year. The stock has climbed slightly in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYE at https://www.zacks.com/ap/MYE

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