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-$26.49 in the last 1 year.
Source: Read Full Article
Lates News:
-
Bitcoin ($BTC) Price Could Be in “Early Stages” of a Short Squeeze, Says Popular on-Chain Analyst Willy Woo
-
Bloomberg Strategist: Gold Rally to Continue, Stock Market and Crypto Correction Ahead
-
Extreme Networks Climbs 6%; Launches Outdoor Wi-Fi 6E Access Point
-
Cryptos Plunge As Legal Action, Tax Pain And Bank Woes Add To Rate Hike Fears
-
Analyst Predicts 90% Likelihood of SEC Approving Bitcoin Spot ETF by January 2024 or Earlier

