US-based FMC Corporation said it expects its fourth quarter earnings to be between US$ 1.60 and US$ 1.65 per share, exceeding analysts estimates of US$ 1.48 Per share.
The company attributes the res…
US-based FMC Corporation said it expects its fourth quarter earnings to be between US$ 1.60 and US$ 1.65 per share, exceeding analysts estimates of US$ 1.48 Per share. The company attributes the results to improvements in its industrial chemicals business, as well as increases in its ag products and airport products divisions after a disappointing 1998. FMC“s industrial chemicals division saw higher hydrogen peroxide prices as that industry continues its recovery. In addition, the company posted synergies and cost savings from its acquisition of Tg Soda Ash. FMC also said it expects cost savings from its acquisition of Pronova Biopolymer.