Sensient Technologies Corp.'s (SXT) fourth-quarter net earnings decreased to $16.31 million or $0.33 per share from $20.62 million or $0.43 per share in the 2008 period. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.45 for the quarter. Analysts' estimate typically excludes one-time items.
Consolidated revenue for the fourth quarter of 2009 reached $311.45 million, an increase of 6.0% over $293.80 million in the prior year's comparable period. Two analysts estimated revenues of $309.45 million for the quarter.
In addition, the company expects 2010 earnings per share to be within a range of $1.98 - $2.05. Three analysts project 2010 earnings per share of $2.05. Sensient's earnings growth is expected to be weighted toward the second half of 2010 partly as a result of the timing of expected raw material cost reductions.
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