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UPDATE 1-Sigma Aldrich profit up 10 percent; dividend hiked
February 10, 2010 / 1:26 PM / 8 years ago

UPDATE 1-Sigma Aldrich profit up 10 percent; dividend hiked

* Q4 EPS 75 cts tops Wall St view of 72 cts

* Revenue rise 12 pct to $573 million

* Quarterly dividend raised 10.3 pct to 16 cts

NEW YORK, Feb 10 (Reuters) - Sigma-Aldrich Corp SIAL.O, which makes chemicals used for scientific research, posted a better-than-expected 10 percent gain in fourth-quarter profit and increased its quarterly dividend by 10 percent.

Earnings rose to $92.6 million, or 75 cents a share, from $84.3 million, or 68 cents per share, a year earlier.

Analysts had on average forecast earnings per share of 72 cents, according to Thomson Reuters I/B/E/S.

Revenues rose 12 percent to $573 million, topping the $561 million that analysts had forecast. (Reporting by Matt Daily; Editing by Lisa Von Ahn)

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