PolyOne Corporation (POL) reported net income of $45.7 million, or $0.47 per diluted share on revenues of $692.9 million in the second quarter of 2010, compared with a net loss of $1.9 million or a loss of $0.02 per diluted share on revenues of $496.5 million in the second quarter of 2009. Consolidated revenues grew 40% year-over-year driven by a 27% increase in volume, and higher selling prices principally associated with raw material cost increases.
Shares of PolyOne are higher by 8.3%.
Ahead of Thursday's earning announcement, shares of Fortress Investment Group (FIG) are trading higher by more than 9.5%.
Since their earnings announcement on July 27, shares of Office Depot (ODP) have slumped, but today are bouncing back, currently up 9%.
On approximately nine times their average daily trading volume, shares of Kronos Worldwide (KRO) are up 20.5%.
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