in this issue
Regions :: North America
FMC cuts earnings guidance as ag weakness continues
12:07 PM MDT | June 27, 2014 | Vincent Valk
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about 9.1% for the second-quarter guidance and about 5.6% for the full-year guidance. The cuts are due to persistent weakness in the company’s agricultural solutions segment, which is now expected to increase revenue and earnings increases by “mid-single digits,” the company says. The ag weakness is mostly due to cold weather in North America and drought conditions in...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee