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Sensient 1Q Earnings Rise 5 Percent

Stock quotes in this article: SXT  

MILWAUKEE (AP) — Sensient Technologies Corp., a specialty chemicals maker, reported Monday a 5-percent increase in first-quarter earnings, finishing slightly ahead of analyst expectations as its cost cutting efforts offset a decline in revenue.

The Milwaukee-based company reported earnings of $21.6 million, or 45 cents per share, compared with a profit of $20.7 million, or 43 cents per share, in last year's first quarter. Revenue fell 8 percent to $282.8 million, from $307.4 million.

Analysts polled by Thomson Reuters predicted earnings of 44 cents per share. ...

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