IHS Chemical Week

Markets :: Specialty Chemicals :: Flavors and fragrances

Sensient raises earnings guidance, trades barbs with FrontFour over director

12:29 PM MDT | April 3, 2014 | Vincent Valk

Sensient Technologies today said it expects first-quarter earnings to exceed analysts’ consensus of 65 cts/share. The company also said it expects to raise its full-year earnings guidance from the current $2.86-$2.94/share, though it will not specify new guidance until its first-quarter earnings call on 15 April. "Both the Flavor and the Color Groups will show operating income growth and significantly improved margins in the first quarter," Sensient says. Sensient also sent another letter to shareholders opposing hedge fund FrontFour...

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