ALPHARETTA, Ga. (AP) _ Schweitzer-Mauduit International Inc. (SWM) on Wednesday reported third-quarter net income of $41 million.
The Alpharetta, Georgia-based company said it had net income of $1.33 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 77 cents per share.
The paper and reconstituted tobacco company posted revenue of $260.3 million in the period.
Schweitzer-Mauduit expects full-year earnings in the range of $3.30 to $3.45 per share.
Schweitzer-Mauduit shares have fallen 28 percent since the beginning of the year. The stock has decreased 25 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 SWM at https://www.zacks.com/ap/SWM