FMC: Q1 Earnings Snapshot

PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Wednesday reported a loss of $15.5 million in its first quarter.

On a per-share basis, the Philadelphia-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The chemical producer posted revenue of $791.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $779 million.

For the current quarter ending in June, FMC expects its per-share earnings to range from 52 cents to 68 cents.

The company said it expects revenue in the range of $940 million to $1.1 billion for the fiscal second quarter.

FMC expects full-year earnings in the range of $3.26 to $3.70 per share, with revenue ranging from $4.15 billion to $4.35 billion.

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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

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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