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FMC earnings rise as ag rebounds, but fall short of estimates

4:08 PM MDT | July 30, 2014 | Vincent Valk

FMC today reported net income of $109.1 million, or 81 cts/share, down 8% year-on-year (YOY), on revenues up 13%, to $987.8 million. Excluding special charges, adjusted earnings totaled $1.01/share, up 9% YOY and slightly short of analysts’ consensus estimate of $1.02/share, as reported by Thomson Reuters (New York). “The quarter was another challenging period for the crop protection industry, but our Agricultural Solutions business delivered a solid performance above the industry. We were pleased with the performance in Health and Nutrition and...

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