UPDATE 1-FMC ups '08 view on strong demand, higher prices

(Adds revenue, Reuters Estimates, second-quarter outlook, stock price)

LOS ANGELES, April 23 (Reuters) - FMC Corp (FMC.N: Quote, Profile, Research) on Wednesday raised its full-year earnings outlook after its first-quarter profit and revenue topped Wall Street estimates, boosted by higher prices and booming demand for agricultural chemicals in Asia, Europe and Latin America.

Net income in the first quarter more than doubled to $93.9 million, or $1.23 a share, from $45.8 million, or 59 cents a share, a year earlier, the maker of insecticides and pesticides and other specialty chemicals and agricultural products said .

FMC raised its full-year earnings outlook, before one-time items, to a range of $3.90 to $4.10 a share. It had previously forecast earnings of $3.80 per share to $4 a share. Analysts, on average, had forecast earnings of $3.97 a share for the year.

Excluding one-time items, Philadelphia-based FMC earned $1.19 a share, compared with 92 cents a share a year ago.

Wall Street analysts had been expecting earnings before one-time items of $1.18 per share, according to Reuters Estimates.

Revenue rose 11 percent to $750.2 million from $674.1 million last year. Analysts had been expecting revenue of $727.8 million, according to Reuters Estimates.

FMC said demand in its agricultural products unit was fueled by strong demand in Asia, Europe and Brazil. The company's specialty chemicals and industrial chemicals divisions were boosted by higher selling prices and volume growth, offsetting higher input costs.

For the second quarter, FMC expects earnings of $1.10 per share to $1.20 per share. Analysts were expecting earnings of $1.10 per share. (Reporting by Michael Erman, editing by Richard Chang, Gary Hill)