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RPM International tops Street 3Q forecasts

MEDINA, Ohio (AP) _ RPM International Inc. (RPM) on Thursday reported fiscal third-quarter earnings of $40.2 million.

On a per-share basis, the Medina, Ohio-based company said it had net income of 30 cents. Earnings, adjusted for pretax gains, were 21 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The specialty chemicals company posted revenue of $1.1 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.09 billion.

RPM International expects full-year earnings to be $3.05 to $3.10 per share.

RPM International shares have decreased 9 percent since the beginning of the year. The stock has dropped 13 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