UPDATE 1-Sensient Q2 profit beats Street, ups FY profit view

Fri Jul 23, 2010 8:49am EDT

* Q2 EPS $0.58 vs est $0.53

* Q2 rev up 10 pct at $334 mln

* Sees 2010 EPS $2.05 to $2.10

July 23 (Reuters) - Specialty chemicals company Sensient Technologies Corp (SXT.N) reported quarterly profit above analysts' estimates, helped by volume growth across its segments, and raised its full-year earnings outlook.

For the second quarter, Sensient's net income rose to $28.7 million, or 58 cents a share, from $25.8 million, or 53 cents per share, a year earlier.

Revenue rose 10 percent to $334 million.

Analysts on average had expected the company to earn 53 cents a share, on revenue of $323.1 million, according to Thomson Reuters I/B/E/S.

Sensient raised its full-year profit outlook to between $2.05 and $2.10 per share. It earlier expected earnings of $2.00 to $2.06 per share. Analysts on average were looking for a profit of $2.05 per share.

Shares of the Milwaukee, Wisconsin-based company closed at $27.77 Thursday on the New York Stock Exchange.

For related alerts, double click [ID:nASA00JWM] (Reporting by Arup Roychoudhury in Bangalore; Editing by Gopakumar Warrier)

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