AVON LAKE, Ohio (AP) _ Avient Corp (AVNT) on Friday reported second-quarter earnings of $68.8 million.

On a per-share basis, the Avon Lake, Ohio-based company said it had net income of 74 cents. Earnings, adjusted for non-recurring costs, were 87 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The maker of resins used in plastic pipe and other products posted revenue of $1.24 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.12 billion.

For the current quarter ending in October, Avient expects its per-share earnings to be 68 cents.

The company said it expects revenue in the range of $1.15 billion for the fiscal third quarter.

Avient expects full-year earnings in the range of $2.80 to $3 per share, with revenue ranging from $4.6 billion to $4.7 billion.

Avient shares have increased 21% since the beginning of the year. The stock has climbed 93% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVNT at https://www.zacks.com/ap/AVNT

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