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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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Soft Start Expected For Indonesia Stock Market
The Indonesia stock market has moved higher in back-to-back sessions, gathering more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just beneath the 8,240-point plateau although it figures to open in the red on Wednesday.
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Japanese Market Sharply Lower
The Japanese stock market is trading sharply lower on Wednesday, reversing the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
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Rally May Stall For Hong Kong Stock Market
The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 775 points or 2.8 percent along the way. The Hang Seng Index now rests just above the 26,025-point plateau although it's expected to open to the downside on Wednesday.
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China Stock Market May Spin Its Wheels On Wednesday
The China stock market has climbed higher in two straight sessions, advancing more than 75 points or 1.9 percent in that span. The Shanghai Composite Index now sits above the 3,915-point plateau although it's expected to open under pressure on Wednesday.
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Australian Market Significantly Lower
Australian shares are trading significantly lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,050 level, following the mixed cues from Wall Street overnight, dragged by tumbling gold mining stocks as bullion prices recorded its biggest intra-day drop in nearly 12 years.
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