FMC Corp. Q2 Profit Rises - Quick Facts

(RTTNews) - FMC Corp. (FMC) reported second-quarter net income of $118.0 million, or $0.86 per share, compared to $104.9 million, or $0.76 per share, last year. The company noted that its current year quarter include charges of $10.9 million after tax, or $0.08 per share, compared to charges of $22.0 million after tax, or $0.16 per share, in the prior-year quarter.

Excluding these items, adjusted earnings were $0.94 per share in the current quarter. On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $959.4 million, a 6 percent increase over the same period in 2012. Analysts expected revenue of $967.90 million for the quarter.

The company expects its third-quarter outlook for adjusted earnings of $0.75-$0.85 per share. The company expects its full-year 2013 outlook for adjusted earnings of $3.72 to $3.87 per share. Analysts expect the company to report third-quarter earnings per share of $0.94, and full year earnings per share of $3.99.

The company also reaffirmed $5 billion+ in sales, and $5.75 to $6.25 adjusted earnings per share targets for 2015.