Myers Industries Shares Tanks In Spite Of Improved Quarterly Results

On:

Shares of Plastics and rubber products maker Myers Industries, Inc. (MYE) are falling more than 18% Wednesday morning despite improved quarterly results.

Profit in the fourth quarter increased to $13.43 million or $0.36 per share from $7.26 million or $0.20 per share in the same quarter a year ago. Excluding one-time items, earnings were $11.8 million or $0.32 per share

Quarterly sales increased 6.6% to $212.84 million from $199.58 million last year.

MYE, currently at $21.09, has traded in the range of $15.88-$26.49 in the last 1 year.

Source: Read Full Article

Lates News:
  1. Fed Fears Drive Markets Again
  2. Bitcoin Slumps Below $23,000 As Investors Assess Impact of Federal Reserve Interest Rate Moves
  3. Bitcoin Poised for Explosive Growth to $190,000 After Crossing the $30,000 Threshold, Analyst Says
  4. Michael Saylor Champions Bitcoin on CNBC: MicroStrategy's Aggressive Strategy
  5. Patrick Shyu ('TechLead') Says a Spot Bitcoin ETF Approval in U.S. Will Make Him Rich