FMC Corporation Now Sees Q2 Revenue $1.0B-$1.03B vs $1.45B Est.; Says 'Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions'
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has revised its Q2 revenue forecast to $1.0B-$1.03B, significantly lower than the previous estimate of $1.45B. The company attributes this to unexpected volume declines in three out of its four operating regions towards the end of May.
July 10, 2023 | 11:35 am
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FMC Corporation's revised Q2 revenue forecast is significantly lower than the previous estimate. This is due to unexpected volume declines in three out of its four operating regions.
FMC Corporation's revised Q2 revenue forecast is significantly lower than the previous estimate. This is due to unexpected volume declines in three out of its four operating regions. This news is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100