FMC Q1 2024 Adj EPS $0.36 Beats $0.33 Estimate, Sales $918.000M Miss $1.008B Estimate
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation reported Q1 2024 adjusted EPS of $0.36, surpassing the $0.33 estimate, but its sales of $918M fell short of the $1.008B forecast, marking a 31.70% decrease from the previous year.
May 06, 2024 | 8:30 pm
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NEUTRAL IMPACT
FMC Corporation exceeded Q1 2024 EPS estimates but missed on sales, showing a significant year-over-year decline.
While FMC's earnings per share outperformed expectations, the significant miss on sales forecasts and the substantial year-over-year decline could lead to mixed investor sentiment. The positive EPS surprise may support the stock price, but the sales miss and decline could raise concerns about future growth, leading to a neutral short-term impact.
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