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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
FMC earnings rise, match estimates, on strong ag results
3:48 PM MDT | July 29, 2013 | Vincent Valk
FMC’s second-quarter earnings rose 12.5% year-on-year (YOY), to $118 million, or 86 cts/share, on revenues up 6%, to $959.4 million. Adjusted earnings from continuing operations, which excludes hydrogen peroxide results, totaled 94 cts/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). Agricultural chemicals segment revenues were up 12% YOY, to $442.6 million, while segment earnings increased 11%, to $124.7 million. Volume increases in North America, primarily due to higher demand for pre-emergent herbicides...
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