Sensient Technologies Corp.'s (SXT: Quote) second-quarter net earnings grew to $34.91 million or $0.70 per share from $33.49 million or $0.67 per share a year ago. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.71 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue was $367.8 million in the quarter, compared with $377.0 million in the second quarter of 2011, down by 2.4%.
In addition, Sensient maintained its guidance for 2012 earnings per share of $2.50 - $2.59. Five analysts project full-year earnings of $2.56 per share.
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by RTT Staff Writer
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