(702) 683-8946

Monday - Friday 9am to 5pm

triangle
ad1

http://crweworld.com/assets/images/ad/content-delivery-solution.jpg

Our content delivery solution through CRWE WORLDCRWE Press Release and CRWE Tubegives corporations and businesses a vehicle to expand their exposure

Content Delivery Solution (Learn More)

ad3

https://crweworld.com/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

https://crweworld.com/assets/images/ad/submit_a_press_release.jpg

Submit Your Press Release/News to the CRWE WORLD Network for $14.95! Increase Visibility, Boost Your Business

www.CRWEPressRelease.com






Market Turmoil: FMC Slumps on Lowered Revenue Outlook

  • July 10th, 2023
  • 242 views

Shares of FMC Corporation (NYSE: FMC) plummeted over 6% following the release of an update on its second quarter and full-year 2023 outlook. The company now expects second-quarter revenue to be in the range of $1.00 billion to $1.03 billion, significantly lower than the consensus estimate of $1.45 billion.

The downward revision in guidance is attributed to an unexpected and substantial reduction in inventory by channel partners, which became evident towards the end of May and persisted throughout the quarter in North America, Latin America, and EMEA.

Taking into account the current channel dynamics, the company has revised its full-year 2023 financial outlook, with revenue now projected to be between $5.20 billion and $5.40 billion, reflecting a significant adjustment from the previous range of $6.08 billion to $6.22 billion. This revised outlook falls short of the consensus estimate of $6.11 billion in revenue for the period.

In pre-market, $FMC is currently trading at $95.20, down $9.05 (8.68%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

Social Shares

Post Your Comments


Warning: Undefined array key "hashid" in /var/www/html/subs/visit_counter.php on line 13