logo
Plus   Neg
Share
Email

Sensient Q2 Results Down; Revises FY20 EPS Outlook - Quick Facts

Sensient Technologies Corp. (SXT) reported a decline in Q2 profit, reflecting lower revenues. Further, the company revised its GAAP earnings forecast and reconfirmed adjusted earnings outlook for fiscal 2020.

The company's Q2 net income was $30.6 million or $0.72 per share versus $34.3 million or $0.81 per share a year ago.

Revenue was $323.1 million in this year's second quarter compared to $339.2 million in the comparable period last year.

Looking ahead, the company now expects fiscal 2020 earnings in the range of $2.10 - $2.35, compared to the previously communicated range of $1.85 - $2.15 per share. Meanwhile, the company reconfirms its previously issued guidance of $2.60 - $2.80 for adjusted earnings per share.

Analysts polled by Thomson Reuters expect earnings of $2.48 per share for fiscal 2020. Analysts' estimate typically exclude certain special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Consumers plan to spend less overall on gifts, holiday items, and non-gift purchases for themselves this holiday season, according to an annual survey by the National Retail Federation and Prosper Insights & Analytics. The survey also found that one in five, or 19 percent of holiday shoppers who typically travel for the holidays, prefer to remain at home this year due to the coronavirus pandemic. Microsoft is in agreement with Alaska Airlines to enable flying more sustainably on three most popular routes traveled by Microsoft employees on Alaska Airlines, which uses sustainable aviation fuel (SAF). The SAF, supplied by SkyNRG, is an important option for the aviation industry to reduce carbon (CO2) emissions on a life-cycle basis. Walmart and Sam's Club announced options for customers to safely dispose unused, unwanted and expired medication throughout the year. With this, the retail giant aims to help the public from potential danger for misuse and abuse of prescription medications. On Saturday, October 24, the company will host in-person medication disposal events at select store and club locations across U.S.
RELATED NEWS
Follow RTT