Polymers

A. Schulman reports profit

Fairlawn polymer company A. Schulman Inc. returned to profitability for its third quarter following a loss a year ago and reaffirmed its earnings outlook for the year.

The company reported net income of $15.5 million, or 53 cents per share, on revenue of $650.4 million for the quarter ending May 31. That compares to a loss of $9.9 million, or 34 cents per share, on revenue of $560.9 million a year ago. Adjusted earnings were 79 cents per share compared with 72 cents a year ago.

The company reported after the stock market closed Tuesday.

“We are encouraged by the continued improvement in our adjusted margins which validates our strategy to provide superior value to a vast array of market leading customers,” Bernard Rzepka, president and chief executive officer, said in a statement. “We continue to anticipate full-year fiscal 2016 adjusted earnings to be in the range of $2.40 to $2.45 per diluted share.”

Rzepka said the company is positioning itself for accelerating earnings growth in fiscal 2017 and beyond.

Company executives will discuss third-quarter results in a conference call with analysts at 10 Wednesday morning. The public can listen in by going to www.aschulman.com.

SOCIAL MEDIA

Facebook tests event listings

Some Facebook users looking for something to do in real life can now get suggestions from the social network.

The company says a team is putting together lists of things to do in 10 U.S. cities with the goal of helping users stay in the know about what’s happening where they live.

The events will include several categories, like family, educational, community and entertainment.

For now, the lists are only available on Apple’s iOS interface in Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York City, San Francisco, Seattle and Washington.

RETAIL

Amazon adds Dash buttons

Amazon is expanding its lineup of Dash buttons, its Jetsons-style devices that let you reorder a particular product with a single touch. The online retailer says the buttons offer “quick and easy” convenience — but they don’t necessarily help users save money.

Amazon first introduced the buttons, which bear product logos and attach to household surfaces, around the spring of 2015. On Tuesday, it added 50 more brands to Dash, including Campbell’s Soup, Nerf and V8 vegetable juice, bringing the total number of Dash buttons to 150.

Dash buttons are undeniably simple to use; they’re set up with a smartphone via Wi-Fi, and can be configured to send order alerts to your phone in case you need to cancel. Users need an Amazon Prime membership ($99 annually) and get two-day shipping in the United States.

ECONOMY

U.S. revises GDP upward

The winter wasn’t as rough for the U.S. economy as earlier thought, with growth revised upward Tuesday to a 1.1 percent annual rate — more than double the initial estimate but still an anemic pace.

The new figures from the Commerce Department mean growth from January through March was only off slightly from the 1.4 percent annual pace in the fourth quarter of 2015. Growth is expected to have rebounded in the April-through-June period to about a 2.6 percent annual rate.

Still, the slow start to the year and continued sluggish pace of growth doesn’t give the U.S. economy much of a cushion to absorb potential shocks, such as the expected drag from the British vote to leave the European Union.

Economists were alarmed when government statisticians initially estimated that the economy expanded at just a 0.5 percent annual rate in the first quarter amid a stock market plunge to start the year.

That level of growth in total economic output — also known as gross domestic product — would have been the worst performance in two years and triggered fears of another recession.

Compiled from staff and wire reports.