FMC Provides Update To Q3 Expectations And 2023 Outlook; Says Q3 Revenue And Earnings Outlook Reduced Primarily Due To Lower Volumes In Latin America As Destocking Was More Severe Than Anticipated
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has updated its Q3 expectations and 2023 outlook, stating that its Q3 revenue and earnings outlook has been reduced primarily due to lower volumes in Latin America as destocking was more severe than anticipated.
October 23, 2023 | 11:34 am
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FMC Corporation's Q3 revenue and earnings outlook has been reduced due to lower volumes in Latin America, which could negatively impact its stock price in the short term.
FMC Corporation's reduced Q3 revenue and earnings outlook, primarily due to lower volumes in Latin America, is a negative signal to investors. This could lead to a decrease in demand for the stock, thereby potentially driving down its price in the short term.
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