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RPM International tops Street 2Q forecasts

MEDINA, Ohio (AP) _ RPM International Inc. (RPM) on Thursday reported fiscal second-quarter net income of $95.5 million, after reporting a loss in the same period a year earlier.

The Medina, Ohio-based company said it had profit of 70 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The specialty chemicals company posted revenue of $1.32 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.25 billion.

RPM International expects full-year earnings in the range of $3 to $3.10 per share.

RPM International shares have risen 2 percent since the beginning of the year. The stock has fallen slightly more than 1 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 RPM at https://www.zacks.com/ap/RPM