* Q1 EPS from cont ops $0.48 vs est $0.31
* Net sales up 25 pct $167 mln vs est $158.1 mln
* Higher volumes help result
May 10 Neenah Paper Inc's (NP.N) quarterly
profit handily beat market estimates as sales at the specialty
paper products maker's technical products segment rose 41
percent on higher volumes.
For the first quarter, net income from continuing
operations was $7.3 million, or 48 cents a share, compared with
a loss of $0.7 million, or 5 cents a share, in the year-ago
From discontinued operations, the company earned $8.81 a
The company, which also has manufacturing operations in
Germany, said net sales were up 25 percent at $167.3 million.
Analysts on an average had expected the company to earn 31
cents, on revenue of $158.1 million, according to Thomson
Net sales at its technical products segment was $97.7
million as volumes rose 38 percent. The company said sales at
its fine paper segment increased 7 percent.
Shares of the Alpharetta, Georgia-based company closed at
$16.28 Monday on the New York Stock Exchange.
(Reporting by Krishna N. Das in Bangalore; Editing by Jarshad