FMC Shares Fall 38% After Weak Guidance
FMC shares fell 38% to $4.89 in premarket trading after the crop chemical maker issued deeply disappointing guidance. The company expects third-quarter sales of $65 million to $125 million.
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12:26:07 PM UTC
SquawkNews
FMC Corp NYSE:FMC on Thursday slashed its third-quarter forecasts after it cut prices of its distributor inventory amid falling agrochemical prices, dragging its shares 46% lower in premarket trading.The agricultural chemicals maker is grappling with weak distributor demand as falling market prices…
FMC shares plunged in premarket trading Thursday after the crop chemical maker issued weaker-than-expected guidance. The stock fell 38% to $4.89, while S&P 500 futures slipped 0.2%. FMC expects third-quarter sales of $65 million to $125 million.