Polypore International Earnings: Here’s Why Investors are Not Happy Now
Polypore International Inc. (NYSE:PPO) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 7.28%.
Polypore International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.34 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Decreased 9.1% to $168.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Polypore International Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company missed the mean analyst estimate of $0.39. It missed the average revenue estimate of $178.1 million.
Quoting Management: Commenting on the change, Robert B. Toth, Polypore’s Chairman, President and Chief Executive Officer stated: “Polypore welcomes Chris and we are delighted to have someone with his breadth of experience across high technology industries and businesses. We’d also like to thank Mitch for his leadership and contribution to Polypore since 2006 and we wish him well as he enters the next phase of his career.”
Key Stats (on next page)…