Arch Chemicals Inc. (ARJ) reported fourth-quarter net income of $2.7 million or $0.11 per share compared to a loss of $18.9 million or $0.75 per share last year.
On average, 4 analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Sales were $333.5 million compared to $307.5 million lastyear. Analysts expected revenue of $313.90 million for the quarter.
The company expects full-year 2010 sales to increase by approximately 8% to 10% as a result of strong organic growth from the biocides businesses. Earnings per share are forecast to be in the $1.90 to $2.10 range.
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