MILWAUKEE (AP) _ Sensient Technologies Corp. (SXT) on Friday reported a fourth-quarter loss of $17 million, after reporting a profit in the same period a year earlier.
The Milwaukee-based company said it had a loss of 40 cents per share. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.
The maker of colors, flavors and fragrances posted revenue of $318.6 million in the period.
For the year, the company reported profit of $82 million, or $1.94 per share. Revenue was reported as $1.32 billion.
Sensient expects full-year earnings in the range of $2.60 to $2.80 per share.
Sensient shares have declined slightly more than 7% since the beginning of the year. The stock has decreased nearly 3% in the last 12 months.