MOSCOW (MRC) -- PolyOne Corp. (POL) reported a fourth-quarter loss of USD14.6 million, after reporting a profit in the same period a year earlier, said the company in its press release.
The Avon Lake, Ohio-based company said it had a loss of 16 cents per share. Losses, adjusted for one-time gains and costs, were 52 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The maker of resins used in plastic pipe and other products posted revenue of USD869.3 million in the period, which also fell short of Street forecasts. Analysts expected USD903.2 million, according to Zacks.
For the year, the company reported profit of USD79.2 million, or 85 cents per share. Revenue was reported as USD3.84 billion.
PolyOne shares have dropped roughly 5 percent since the beginning of the year.
As MRC informed earlier, in February 2014, PolyOne Corporation announced the addition of new capabilities to its OnColor HC Plus portfolio. These expanded offerings add medical-grade LDPE, nylon, PEBA, PS and PVC to the globally available palette of specialty healthcare colorants, and are pre-certified to meet or exceed biocompatibility requirements for ISO 10993 and/or USP Class VI protocols.
PolyOne Corporation, with 2013 revenues of USD3.8 billion, is a global provider of specialized polymer materials, services, and solutions. PolyOne is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
MRC