While reporting financial results for the second quarter on Friday, Sensient Technologies Corp. (SXT) raised its adjusted earnings and revenue growth guidance for the full-year 2024.
For fiscal 2024, the company now projects earnings in the range of $2.77 to $2.87 per share and adjusted earnings growth in the mid-single-digits on revenue growth in the mid-to high single-digits in local currency.
Previously, the company expected earnings in the range of $2.80 to $2.90 per share and adjusted earnings growth in the low to mid-single-digits on revenue growth in the mid-single-digits in local currency.
Analysts polled by Thomson Reuters expected the company to report earnings of $3.03 per share on revenues of $1.53 billion for year. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.