Materion: Q3 Earnings Snapshot

Associated Press Finance
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MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Wednesday reported third-quarter earnings of $26.6 million.

On a per-share basis, the Mayfield Heights, Ohio-based company said it had profit of $1.27. Earnings, adjusted for one-time gains and costs, were $1.39 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The supplier of engineered materials to technology companies posted revenue of $403.1 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $408.6 million.

Materion expects full-year earnings in the range of $5.70 to $5.90 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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