PHILADELPHIA (AP) _ FMC Corp. (FMC) on Tuesday reported third-quarter net income of $121 million.
The Philadelphia-based company said it had profit of 95 cents per share. Earnings, adjusted to account for discontinued operations and pretax expenses, were $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The chemical producer posted revenue of $1.38 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.34 billion.
For the current quarter ending in December, FMC expects its per-share earnings to range from $2.05 to $2.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.54.
The company said it expects revenue in the range of $1.42 billion to $1.62 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.49 billion.
FMC expects full-year earnings in the range of $7.10 to $7.60 per share, with revenue ranging from $5.6 billion to $5.8 billion.
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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