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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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497 days ago
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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728 days ago
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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833 days ago
European Shares Seen Tad Higher At Open
European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
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2h 8min ago
European Economic News Preview: UK Public Sector Finance Data Due
Public sector finances data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
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2h 21min ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Tuesday, also adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
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4h 20min ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on widespread expectations of further interest rate cuts by the US Fed amid recent signs of sluggishness in the labor market despite the ongoing shutdown leading to the indefinite delay of the release of key economic data. Asian markets closed mostly higher on Monday.
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4h 42min ago
Indian Markets Closed For Diwali
Indian stock markets remain closed today for Diwali but there will be a special trading session from 1:45 p.m. to 2:45 p.m. IST to mark the festival. Generally, the Muhurat trading session is held in the evening every year.
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5h 18min ago
