FMC Q4 2023 Adj EPS $1.07 Misses $1.08 Estimate, Sales $1.15B Miss $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation reported Q4 2023 adjusted earnings per share (EPS) of $1.07, missing the consensus estimate of $1.08. Quarterly sales were $1.15 billion, falling short of the $1.25 billion estimate, marking a 29.10% decrease from the same period last year.
February 05, 2024 | 9:31 pm
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NEGATIVE IMPACT
FMC Corporation's Q4 2023 earnings and sales missed analyst estimates, with a significant year-over-year decrease in sales.
Missing both EPS and sales estimates, especially with a substantial year-over-year sales decrease, typically exerts negative pressure on a company's stock price in the short term. Investors may react negatively to the missed expectations and the significant decline in sales compared to the previous year.
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