Why FMC Shares Are Dipping Today
Portfolio Pulse from Lekha Gupta
FMC Corp has cut its Q2 and 2023 guidance, leading to a drop in its share price by over 8%. The company has reduced its Q2 revenue expectations to $1.00 billion-$1.03 billion and adjusted EBITDA to $185 million-$190 million. For 2023, the revenue guidance has been cut to $5.20 billion-$5.40 billion and adjusted EBITDA to $1.30 billion-$1.40 billion. The company attributes these changes to unforeseen volume declines in three of its four operating regions.
July 10, 2023 | 12:45 pm
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FMC Corp's shares have dropped by over 8% following the company's decision to cut its Q2 and 2023 guidance due to unforeseen volume declines.
FMC Corp has cut its Q2 and 2023 guidance due to unforeseen volume declines in three of its four operating regions. This has led to a significant drop in the company's share price, indicating a negative short-term impact on the stock.
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