Jefferies Comments On Solutia Q2 EPS

According to Jefferies, Solutia SOA adjusted Q2 EPS of $0.57 was $0.01 above consensus and $0.02 above estimate. Jefferies said that adjusted EBITDA of $141m, up 5% YoY, was $0.01/share below the forecast. “Solutia maintained its 2011 EPS range of $2.10-$2.25, including an $0.08 headwind from businesses divested in Q1.” Solutia closed yesterday at $21.83.