Sigma-Aldrich Corp. (SIAL: Quote) reported net income of $115 million or $0.94 per share for the second quarter versus $113 million or $0.91 per share last year. Adjusted earnings per share grew to $0.97 from $0.93 in the second quarter of 2011.
Net sales for the three-month period advanced year-over-year to $664 million from $637 million.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share on revenues of $674.71 million for the quarter. Analysts' estimates typically exclude special items.
Looking forward to 2012, the company now expects adjusted earnings per share outlook to be $3.80 to $3.90, a $0.10 to $0.15 reduction from prior guidance of $3.90 to $4.05. Organic sales growth is expected to be in the low-to-mid single digit range for 2012. Analysts expect the company to earn $3.99 per share on revenues of $2.71 billion for the year.
Further, the company said in the second quarter of 2012, it repurchased 0.3 million shares at an average share price of $71.10.
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by RTT Staff Writer
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