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MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Wednesday reported first-quarter earnings of $25.6 million.
The Mayfield Heights, Ohio-based company said it had net income of $1.23 per share. Earnings, adjusted for one-time gains and costs, came to $1.34 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The supplier of engineered materials to technology companies posted revenue of $442.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $446.4 million.
Materion expects full-year earnings in the range of $5.60 to $6 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MTRN">Zacks stock report on MTRN at https://www.zacks.com/ap/MTRN