FMC: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
FMC Corporation (NYSE:FMC) reported its Q4 earnings on February 5, 2024, missing estimated earnings by 0.93% with an EPS of $1.07 versus an estimate of $1.08. Revenue decreased by $476 million from the same period last year. This follows a pattern of missing EPS estimates in previous quarters, which has previously led to a significant drop in share price.
February 05, 2024 | 9:35 pm
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FMC Corporation reported lower than expected Q4 earnings and a significant decrease in revenue compared to the previous year. This trend of missing earnings estimates could potentially lead to a decrease in share price, as seen in past quarters.
FMC's Q4 earnings miss and revenue decrease are significant indicators of potential short-term negative impact on its stock price. Historical data shows that past earnings misses have led to drops in share price, suggesting a similar outcome may occur following this announcement.
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