AP NEWS

Myers: 3Q Earnings Snapshot

November 5, 2019

AKRON, Ohio (AP) _ Myers Industries Inc. (MYE) on Tuesday reported third-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Akron, Ohio-based company said it had profit of 15 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The maker of plastic products posted revenue of $125.5 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $132.7 million.

Myers expects full-year earnings in the range of 75 cents to 80 cents per share.

Myers shares have risen 13% since the beginning of the year. The stock has increased 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYE at https://www.zacks.com/ap/MYE