Polypore Intl. shares rise after stronger 3Q profits, full-year guidance |
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Wed, 31 Oct 2007 14:48
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BOSTON (Thomson Financial) - Shares of Polypore International Inc. rose Wednesday after the Charlotte, N.C.-based specialized microporous membranes developer reported third-quarter adjusted income of $5.2 million, or 13 cents a share, topping the mean estimate of analysts polled by Thomson Financial of 7 cents a share.Revenue for the period also beat Wall Street's consensus, rising 12% to $130.4 million with analysts, on average, estimating $121.3 million.Polypore said it expects full-year earnings of 44 cents to 48 cents a share on revenue of $500 million to $520 million. Analysts surveyed by Thomson Financial estimate, on average, full-year earnings of 33 cents a share on revenue of $509.4 million.Shares climbed 21.3% to $16.70 on volume of 172,500. The issue's 30-day average is 220,800.Greg Saulniergs/pcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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