OMNOVA Solutions Inc.(NYSE:OMN) constructor of building materials fiscal third-quarter earnings well short of Wall Street expectations as the company suffered a loss of 8.5% revenue.
Net income from continued operations $6.9 million for third quarter of fiscal 2012 versus $1.4 million, in the same period a year ago.
Company’s third quarter 2012 results determine ongoing progress, during the quarter; company enhanced earnings as compared to previous year.
OMNOVA Solutions Inc. (NYSE:OMN) trade with volume of 1.54 million shares in last session was unexpectedly higher versus average trading capacity of 196,116.0 shares. The stock at opening bell was at $7.40 gained the maximum price level of $7.73 and then finished the day at $7.67 by scoring -12.34%.
OMN remained successful in generating revenue of 1.20 billion in the trailing twelve months and made net income of $25.00 million. The Company maintained a positive 2.11% for the net profit margin and in its operating margin it had 3.19%. Company’s yearly revenue increase for the last five year was 11.43%.
The OMN painted price to sales ratio of 0.30 and price to cash ratio at 2.80 for past 12 months. As far as the returns from the company is concern, return on asset remained as 2.84%.
The stock showed downbeat performance of -11.64% for the week which for the last 21 trading days was maintained at -0.78%. Likewise the performance for the trailing 3 months was recorded as 0.00% and in last 252 trading days which equals to a year was +112.47% while the performance so far in current year remained at +66.38%.
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