RPM International: Fiscal 1Q Earnings Snapshot
MEDINA, Ohio (AP) _ RPM International Inc. (RPM) on Wednesday reported fiscal first-quarter net income of $69.8 million.
The Medina, Ohio-based company said it had profit of 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 86 cents per share.
The specialty chemicals company posted revenue of $1.46 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.42 billion.
RPM International shares have risen 22 percent since the beginning of the year. The stock has climbed 23 percent in the last 12 months.