PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Tuesday reported a loss of $16.3 million in its fourth quarter.
On a per-share basis, the Philadelphia-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The chemical producer posted revenue of $1.22 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.32 billion.
For the year, the company reported profit of $341.1 million, or $2.72 per share. Revenue was reported as $4.25 billion.
For the current quarter ending in March, FMC expects its per-share earnings to range from 5 cents to 15 cents.
The company said it expects revenue in the range of $750 million to $800 million for the fiscal first 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
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