Polypore Q3 Profit Beats Street

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.

Click here to read the full Reuters report