FMC shares plunge 34% after cutting third-quarter outlook
FMC shares fell 34% Thursday to an over 23-year low after the agricultural chemicals maker cut its third-quarter outlook and forecast up to $675 million in charges tied to price cuts and changes to its U.S. pricing model.
FMC NYSE:FMC shares plunged 34% on Thursday to an over 23-year low after the agricultural chemicals maker slashed its third-quarter outlook and forecast up to $675 million in charges related to price cuts and changes to its US pricing model.The company is grappling with weak distributor demand as f…