UPDATE 1-FMC quarterly profit down 65 pct - News

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UPDATE 1-FMC quarterly profit down 65 pct

By: AFX | 28 Oct 2009 | 05:51 PM ET

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HOUSTON, Oct 28 (Reuters) - Chemicals maker FMC Corp said on Wednesday its third-quarter profit tumbled 65 percent as restructuring charges and a drop in sales of industrial chemicals weighed on results. For the quarter, the company posted net income of $28 million, or 38 cents per share, compared with $80 million, or $1.05 per share, in the same quarter a year earlier. Earnings before restructuring and other charges was 89 cents per diluted share. Analysts on average expected earnings of 90 cents per share, according to Thomson Reuters I/B/E/S estimates. Third-quarter revenue fell 13 percent to $713.3 million, below the $775.1 million that Wall Street had expected. (Reporting by Anna Driver in Houston; Editing by Gary Hill) Keywords: FMC/ (anna.driver@thomsonreuters.com; 1 713 210 8509; Reuters Messaging: anna.driver.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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