Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Olin - My favorite Company -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (62)	1/31/2007 12:27:15 PM
From: richardred	Read Replies (2) \| Respond to of 170

PolyOne 4Q Profit Drops Wednesday January 31, 7:48 am ET PolyOne 4th-Quarter Profit Falls 34 Percent on Weaker Demand for Resin, Intermediates Products CLEVELAND (AP) -- PolyOne Corp., which makes plastic compounds and vinyl resins, said Wednesday its fourth-quarter profit fell 34 percent, hurt by softer demand for its resin and intermediates products. Net income declined to $14.4 million, or 15 cents per share, from $21.7 million, or 24 cents per share, a year ago. The latest results include a $15.8 million gain associated with the reversal of the deferred tax allowance, which was partially offset by a $3.8 million pretax charge. Revenue decreased 2 percent to $595.2 million from $606.8 million last year. The company blamed the decline to a drop demand for its resin and intermediates products. In Decemeber, the company forecast its fourth-quarter profit would be below the prior-year level, saying a slowdown in demand from the automotive and housing markets proved more drastic than anticipated. Analysts surveyed by Thomson Financial expected earnings of 5 cents per share. For the full year, the company posted net income of $123.2 million, or $1.33 per share, up from $46.9 million, or 51 cents per share, last year. Revenue rose 7 percent to $2.62 billion from $2.45 billion. biz.yahoo.com