FMC Corporation Sees FY24 Adj. EPS $3.23-$4.41 vs $4.38 Est., Revenue $4.50B-$4.70B vs $4.69B Est.
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has provided its financial outlook for FY24, projecting adjusted EPS to be in the range of $3.23-$4.41, which is below the estimated $4.38. The company also forecasts revenue to be between $4.50B-$4.70B, slightly below the estimated $4.69B.
February 05, 2024 | 9:32 pm
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FMC Corporation projects lower-than-expected adjusted EPS and revenue for FY24, indicating potential challenges ahead.
FMC Corporation's projection of both adjusted EPS and revenue for FY24 falling below analyst estimates suggests potential headwinds or challenges that the company might face. This could lead to negative investor sentiment in the short term, impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100