IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

FMC earnings rise on higher sales; full-year guidance maintained

11:48 AM MDT | October 30, 2012 | Vincent Valk

FMC today reported third-quarter net income was up 3.7% year-on-year (YOY), to $90 million, on sales up 5%, to $902.4 million. Adjusted earnings totaled 79 cts/share, slightly higher than analysts' consnsus of 78 cts/share, as reported by Thomson Reuters (New York). The company is maintaining its full-year 2012 earnings guidance at $3.42-$3.52/share, which would represent a 16% increase from the 2011 earnings. Full-year agricultural products and industrial chemicals earnings are forecast to rise mostly due to higher volumes, FMC says. Specialty chemical earnings...

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