FMC Cuts Third-Quarter Earnings Outlook; Shares Tumble More Than 33%
FMC cut its third-quarter earnings outlook amid inventory pressure and competition from cheaper generic products. Shares fell more than 33% on Thursday.
Shares of FMC Corporation (FMC) tumbled more than 33% on Thursday after the agricultural chemicals maker significantly cut its third-quarter earnings outlook amid inventory pressure and competition from cheaper generic products.The update also raised concerns about peer Corteva (CTVA), with Citi ex…