IHS Chemical Week

People & Business :: Earnings/Finance

FMC's Income Soars; Boosts Earnings Guidance

11:00 AM MDT | August 3, 2011 | Lindsey Bewley

FMC announced second-quarter net income of $107.2 million ($1.49/share), up 63% from the year ago period but falling short of analyst estimates of 1.51/share, according to Thomson One (New York). Net income in the current quarter included restructuring and other income and charges of $3.3 million after-tax. Second quarter revenue of $812.2 million increased 9%, excluding the prior-year impact of exited businesses.   “Demand across our businesses and diverse end markets remains very healthy, particularly in rapidly-developing economies,” says...

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