ST. LOUIS (dpa-AFX) - Sigma-Aldrich Corp. (SIAL) posted first-quarter net income of $117 million or $ 0.96 per share, a decline from $119 million or $0.97 per share reported a year ago. Adjusted eanings per share rose to $0.99 from $0.94 in the prior year.
Net sales for the three-month period climbed to $665 million from $632 million in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.99 per share on revenues of $658.48 million for the quarter. Analysts' estimates typically exclude special items.
Going ahead, the company still expects adjusted earnings per share for 2012 (excluding any new restructuring charges, transaction costs associated with acquisitions and other one time charges) to be in the range of $3.90 to $4.05. Organic sales growth is expected to be in the mid single digit range for 2012.
Analysts expect the company to earn $4.00 per share for the year.
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