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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.