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PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Wednesday reported a loss of $15.5 million in its first quarter.
On a per-share basis, the Philadelphia-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The chemical producer posted revenue of $791.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $779 million.
For the current quarter ending in June, FMC expects its per-share earnings to range from 52 cents to 68 cents.
The company said it expects revenue in the range of $940 million to $1.1 billion for the fiscal second quarter.
FMC expects full-year earnings in the range of $3.26 to $3.70 per share, with revenue ranging from $4.15 billion to $4.35 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMC at https://www.zacks.com/ap/FMC