Materion: Q2 Earnings Snapshot

Associated Press Finance
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MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Wednesday reported second-quarter profit of $24.1 million.

The Mayfield Heights, Ohio-based company said it had net income of $1.15 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The supplier of engineered materials to technology companies posted revenue of $398.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $440.2 million.

Materion expects full-year earnings in the range of $5.60 to $6 per share.

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

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