Sensient Technologies Q3 Profit Down

(RTTNews) - Sensient Technologies Corp (SXT) Thursday reported third-quarter net earnings of $21.3 million or $0.44 per share, up from $31.5 million or $0.63 per share last year.

Adjusted earnings for the quarter were $0.78 per share, up from $0.72 per share last year.

Revenues for the quarter dropped to $364.5 million from $370.5 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.77 per share on revenues of $383.5 million for the quarter. Analysts' estimates typically exclude special items.

Sensient revised its full-year 2014 adjusted earnings guidance to be within the range of $2.98 and $3.02 per share, from prior outlook of $2.95 to $3.02 per share. Analysts currently estimate earnings of $2.98 per share for the year.