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FMC Beats Estimates on Strong Crop Protection Demand
3:07 PM MDT | July 31, 2012 | Rebecca Coons
FMC reported net income of $105 million for the second quarter ended June 30, 2012, 2% lower than the same year-ago period. Excluding special charges, earnings increased 20% year-over-year, to 92 ct/share, and narrowly beat analysts’ estimates of 90 cts/share, as reported by Thomson Reuters (New York). Sales increased 11%, to $905.2 million. Agricultural Products sales increased 19%, to $394 million, with “substantial” gains in Latin America and North America. “In Latin America, sales increased significantly, driven by continued...
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