PHILADELPHIA (AP) — FMC Corp. (FMC) on Monday reported fourth-quarter earnings of $32.4 million.
The Philadelphia-based company said it had net income of 24 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.69 per share.
The chemical producer posted revenue of $1.22 billion in the period.
For the year, the company reported profit of $502.1 million, or $3.69 per share. Revenue was reported as $4.73 billion.
For the current quarter ending in April, FMC expects its per-share earnings to range from $1.58 to $1.68. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.50.
The company said it expects revenue in the range of $1.18 billion to $1.21 billion for the fiscal first quarter.
FMC expects full-year earnings in the range of $5.55 to $5.75 per share, with revenue ranging from $4.45 billion to $4.55 billion.
FMC shares have risen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 8 percent. In the final minutes of trading on Monday, shares hit $84.72, a climb of 2.5 percent in the last 12 months.