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Markets :: Specialty Chemicals :: Flavors and fragrances
Sensient Posts 10% Profit Growth, Ups Guidance
10:52 AM MDT | October 21, 2011 | Rebecca Coons
Sensient Technologies posted third-quarter earnings of $32 million, up 10% from the same year-ago quarter, on increased flavors and fragrances demand. Earnings of 64 cts/share narrowly beat analysts’ estimates of 62 cts/share, as reported by Thomson Reuters (New York). Sales increased 7%, to $364 million. Foreign currency translation increased both revenue and operating income by approximately 4% in the quarter, Sensient says. The company increased its 2011 guidance to $2.38-$2.42/share, up from $2.32-$2.37/share. Analysts estimates are for...
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