Sigma-Aldrich Q1 Profit Rises; Reaffirms 2014 Adj. EPS Guidance

(RTTNews) - Sigma-Aldrich (SIAL) reported that its first-quarter net income increased to $126 million or $1.05 per share, from $122 million or $1.01 per share, previous year. Adjusted earnings per share was $1.06, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03 for the quarter. Analysts' estimates typically exclude special items.

Sales increased 2% to $689 million from $675 million. Organic sales growth in the quarter was 3%. Analysts expected revenue of $690.56 million for the quarter.

The company continues to expects its 2014 adjusted earnings per share to be in the range of $4.30 to $4.40. Analysts expect the comapny to report 2014 profit per share of $4.36. Overall organic sales growth is expected to be in the low-to-mid single digit range.