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Reuters reported that Polypore International Inc.’s (NYSE:PPO) quarterly profit exceeded Wall Street estimates aided by positive demand in its lithium separator business.
Reuters reported that Polypore International Inc.’s (NYSE:PPO) quarterly profit exceeded Wall Street estimates aided by positive demand in its lithium separator business.
As quoted in the market news:
Shares of the company, which had climbed about 29 percent year-to-date, were down 6 percent in after-market trade. For the third quarter, net income was $23.6 million, or 50 cents per share, compared with $12.4 million, or 27 cents per share in the year-ago period.
