FMC Falls 34% to Lowest Level Since 2016 After Disappointing Earnings Report | Global News Avenue

Stocks of FMC Corp.FMCThe lowest level in nearly nine years fell to its lowest level on Wednesday after Agriculture Sciences issued disappointing fourth-quarter results and boring prospects.

The company reported $1.22 billion in revenue for the quarter on Tuesday afternoon, up from $1.15 billion a year ago, but below analysts’ expectations of $1.31 billion. Consensus Estimation From visible alpha. Manufacturers of pest control and herbicide products said adjusted profit was $224.6 million, or $1.79 per share, higher than analysts’ estimates of $200.49 million per share, or $1.60 per share.

In 2025, FMC’s estimated revenue ranged from $4.15 billion to $4.35 billion and adjusted earnings per share ranged from $3.26 to $3.70, which in both cases means little improvement over last year. The forecast is also lighter than analysts expected.

The CEO said growth in the fourth quarter was “below our expectations”

“Although we’re seeing a good increase in the number, as we learned in the quarter, customers in many countries are trying to hold,” CEO Pierre Brondeau said in a statement on Tuesday. There are much less inventory than historically.”

FMC shares fell 34% on Wednesday, reaching their lowest level since April 2016. The stock is the largest stake in the S&P 500 index.

Update: This article has been updated by closing stock price information and other contexts.