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Omnova beats 3Q profit forecasts

BEACHWOOD, Ohio (AP) _ Omnova Solutions Inc. (OMN) on Thursday reported fiscal third-quarter profit of $7.9 million.

The Beachwood, Ohio-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The chemical maker posted revenue of $200.9 million in the period.

Omnova shares have dropped 7.5 percent since the beginning of the year. The stock has climbed 15 percent 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 OMN at https://www.zacks.com/ap/OMN


Keywords: Omnova Solutions, Earnings Report