FMC Revises Q3 Revenue Outlook From $1.19B-$1.27B To $982M (Est. $1.21B); Cuts Adjusted EPS From $0.90-$1.32 To $0.44 (Est. $1.02)
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has revised its Q3 revenue outlook from $1.19B-$1.27B to $982M, which is below the estimated $1.21B. The company also cut its adjusted EPS from $0.90-$1.32 to $0.44, lower than the estimated $1.02.
October 23, 2023 | 11:45 am
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NEGATIVE IMPACT
FMC Corporation's revised Q3 revenue and EPS outlook are both below estimates, which could negatively impact the company's stock price in the short term.
FMC Corporation's revised Q3 revenue and EPS outlook are both below estimates. This could lead to a negative market reaction, as it indicates that the company's financial performance may not meet expectations, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100