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PolyOne Stock Jumps on Raised EPS Guidance

Tony Owusu

The Cleveland-based company now expects to earn between 72 cents and 74 cents per share, up from its previous guidance of 68 cents EPS. "We are achieving better-than-expected margins in all segments from pricing actions, improved mix and cost reductions," said CEO Robert M. Patterson. PolyOne shares are up 5.3% year to date, but the stock is down 32% over the past 12 months.