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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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496 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
Australian Market Notably Higher
The Australian stock market is trading notably higher on Tuesday, 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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1 minutes ago
Tech Surge May Boost Taiwan Stock Market
The Taiwan stock market rebounded on Monday, one session after halting the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just beneath the 27,700-point plateau and it may extend its gains on Tuesday.
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21 minutes ago
Singapore Shares May Find Traction On Tuesday.
Ahead of Monday's holiday for Diwali, the Singapore stock market had moved lower in two straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 4,330-point plateau although it may stop the bleeding on Tuesday.
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51 minutes ago
Rebound Anticipated For Malaysia Stock Market
Ahead of Monday's holiday for Diwali, the Malaysia stock market had ended the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it's expected to bounce higher again on Tuesday.
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1h 21min ago
Japan Bourse May Extend Monday's Gains
The Japanese stock market bounced sharply higher again on Monday, one session after halting the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 49,180-point plateau and it may add to its winnings on Tuesday.
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1h 36min ago
