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FMC: 2Q Earnings Snapshot

July 30, 2019

PHILADELPHIA (AP) _ FMC Corp. (FMC) on Tuesday reported second-quarter profit of $174.5 million.

The Philadelphia-based company said it had net income of $1.32 per share. Earnings, adjusted for one-time gains and costs, were $1.66 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The chemical producer posted revenue of $1.21 billion in the period.

For the current quarter ending in October, FMC expects its per-share earnings to range from 75 cents to 85 cents.

The company said it expects revenue in the range of $960 million to $990 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $1 billion.

FMC expects full-year earnings in the range of $5.68 to $5.88 per share, with revenue ranging from $4.5 billion to $4.6 billion.

FMC shares have risen 15% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Tuesday, shares hit $84.80, a fall of nearly 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMC at https://www.zacks.com/ap/FMC

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