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FMC earnings fall as ag results hit by bad weather

3:36 PM MDT | May 6, 2014 | Vincent Valk

FMC today reported first-quarter net income down by about half year-on-year (YOY), to $65.6 million, or 49 cts/share, on revenues up 3%, to $942 million. Earnings excluded some charges related to the divestiture of the company’s hydrogen peroxide business, which closed during the quarter. Excluding those charges, adjusted earnings totaled 95 cts/share, down 12% YOY and matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). "Overall, our businesses performed as expected in the first quarter and, despite the weather...

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