FMC Corp.’s stock drops on revenue warning as company launches cost structure review

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

FMC Corp.’s FMC, +0.54% stock was down 13.7% in premarket trades Monday after the agricultural-sciences company cut is financial outlook due to lower sales volumes in Latin America. FMC said it’s launched a restructuring process for its operations in Brazil along with “a broader, more comprehensive process to review and adjust our total company cost structure.

” FMC did not provide any additional details on its restructuring. FMC said it now expects third-quarter revenue of $982 million, below the FactSet consensus estimate of just under $1.2 billion. For the fourth quarter, FMC is targeting revenue of $1.14 billion to $1.38 billion, below the analyst estimate of $1.67 billion. For 2024, it’s targeting revenue of $4.48 billion to $4.72 billion, against a current analyst view of $5.54 billion.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes