PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Tuesday reported fourth-quarter earnings of $273.9 million.
The Philadelphia-based company said it had net income of $2.17 per share. Earnings, adjusted for one-time gains and costs, were $2.37 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The chemical producer posted revenue of $1.62 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.5 billion.
For the year, the company reported profit of $736.5 million, or $5.81 per share. Revenue was reported as $5.8 billion.
For the current quarter ending in March, FMC expects its per-share earnings to range from $1.63 to $1.83. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.54.
The company said it expects revenue in the range of $1.41 billion to $1.45 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.49 billion.
FMC expects full-year earnings in the range of $7.20 to $8 per share, with revenue ranging from $6.08 billion to $6.22 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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