FMC Corp. (FMC) reported third-quarter net income attributable to stockholders of $28.0 million or $0.38 per share, compared to net income of $80.0 million or $1.05 per share, in the third quarter of 2008.
Net income in the current quarter included restructuring and other income and charges of $37.3 million after-tax, or charges of $0.51 per diluted share, versus restructuring and other income and charges of $5.6 million after-tax, or charges of $0.08 per diluted share, in the prior-year quarter.
Excluding these items in both periods, the company earned $0.89 per share in the current quarter, a decrease of 21 percent versus $1.13 per diluted share in the prior-year quarter.
Third quarter revenue of $713.3 million was 13% lower than $820.8 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share on revenues of $775.10 million for the quarter. Analysts' estimates typically exclude special items.
For the fourth quarter of 2009, the company expects earnings before restructuring and other income and charges of $0.85 to $0.95 per share. Analysts expect the company to report earnings of $0.91 per share for the fourth quarter.
For the full year 2009, the company narrowed its outlook for earnings before restructuring and other income and charges to $4.05 to $4.15 per share, from the prior range of $4.00 - $4.20 per share. Analysts expect the company to report earnings of $4.12 per share for fiscal 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.