FMC Corp. Beats; Issues In-Line Guidance (FMC)

FMC Corp. FMC reports Q2 earnings of $1.28 versus estimates of $1.22. FMC Corp. reports Q2 revenues of $776.8 million versus estimates of $739.85 million. Revenues increased 10.9% year over year. The company said that Q3 EPS would come in at $1.00 to $1.15; this compares to the Street estimate of $1.10 per share. They also said that the FY2010 EPS would come in at $4.55 to $4.80; this compares to the Street estimate of $4.70. Pierre Brondeau, FMC president and chief executive officer, said, "We delivered another strong quarter. We realized continued strong sales growth in Agricultural Products and Specialty Chemicals and demand recovery in Industrial Chemicals. Agricultural Products' sales growth was driven by gains in North America, Latin America and Asia. Specialty Chemicals' sales increased as the result of strong commercial performance in BioPolymer and volume growth in lithium primaries. Industrial Chemicals' sales benefited from higher volumes across all businesses." Shares of FMC are lower in the after-hours.