PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Wednesday reported a loss of $281.3 million in its first quarter.
On a per-share basis, the Philadelphia-based company said it had a loss of $2.25. Losses, adjusted for non-recurring costs and restructuring costs, came to 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The chemical producer posted revenue of $758.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $721.8 million.
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