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FMC Guides FY24 Revenues In Line With Estimates
(RTTNews) - Ahead of its Investor Day later on Thursday, agricultural sciences company FMC Corp. (FMC) initiated preliminary revenue guidance for the full-year 2024 in a range of $4.65 billion to $4.85 billion. It also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2024.
On average, 16 analysts polled by Thomson Reuters expected the company to report revenues of $4.68 billion for the year.
Looking ahead to fiscal 2026, the company now projects revenues between $5.50 billion and $6.0 billion and also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2026.
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FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas
Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.
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FMC Slashes Q3 Outlook; Stock Plunges 13%
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its earnings and revenue expectations for the third quarter and revenue forecast for the full-year 2023, mainly driven by substantially lower sales volumes in Latin America, particularly destocking in Brazil and to a lesser degree drought in Argentina.
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FMC Slashes Q2, FY23 Revenue Outlook
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its revenue guidance for the second quarter and full-year 2023, driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners in North America, Latin America and EMEA.
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Bank Of Japan Keeps Key Rate On Hold
The Bank of Japan left its interest rate unchanged even as inflation continued to remain above 2 percent, and also left its real growth and inflation outlook more or less unchanged. The policy board of the Bank of Japan decided, by a 7-2 majority vote, to hold the uncollateralized overnight call rate at around 0.5 percent.
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European Shares Seen Mixed As Trump Lowers China Tariffs
European stocks are seen opening on a mixed note Thursday as investors react to Federal Reserve Chair Jerome Powell's hawkish remarks as well as a batch of mixed big tech earnings.
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Sensex, Nifty Drift Lower In Cautious Trade
Indian shares traded lower on Thursday as investors reacted to hawkish remarks from Fed Chair Jerome Powell and a mixed bag of U.S. tech earnings.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday.
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Australian Market Trims Early Losses In Mid-market
The Australian market is trimming its early losses in mid-market moves on Thursday, but adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with gains in iron ore miners and financial stocks partially offset by weakness in technology stocks.
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