Sensient Technologies (SXT) Down 10% On Earnings
October 16, 2009 · Filed Under Financial
Sensient Technologies Corporation (NYSE: SXT) reported that diluted earnings per share for the three months ended September 30, 2009, equaled 47 cents. Diluted earnings per share for the prior year’s comparable period were 50 cents. Third quarter earnings, as stated in local currency, would be approximately 3 cents per share higher than reported earnings and even with the prior year.
Consolidated revenue for the third quarter of 2009 was $303.2 million compared to $318.6 million in the third quarter of 2008. Foreign currency translation reduced third quarter revenues by 4.2%. On a local currency basis, consolidated quarterly revenue was lower by approximately 1% in comparison to the prior year.
Douglas A. McIntyre
