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Stock Market & Financial Investment News

News Breaks
June 23, 2014
07:04 EDTFMCFMC Corporation cuts Q2 EPS to 95c-$1.05 from $1.05-$1.15, consensus $1.11
Cuts FY14 EPS $4.10-$4.30 from $4.35-$4.55, consensus $4.44. The company said weather conditions persisted later into the second quarter than expected leading to reduced application of pre-emergent products. Although sales of Authority brand soybean pre-emergent herbicides increased as expected, the increase was not enough to offset lower than expected sales of other products, particularly Capture LFR corn insecticide. In addition, the company reported that drought conditions in the Sao Paulo state of Brazil were delaying sales into the sugarcane segment. The company did not expect this drought to continue through the second quarter. These extended poor growing conditions have resulted in growers reducing their use of crop protection products. Furthermore, growers have significantly reduced the rate at which they are replanting, which has reduced the use of herbicides and insecticides in the sugarcane segment. The company does not expect conditions to improve in sugarcane during the remainder of 2014. As a result of these factors, the company expects second quarter segment earnings for Agricultural Solutions to be up mid-single digits percent compared to the second quarter of 2013. For the full year 2014, revenues and operating earnings for the Agricultural Solutions segment are expected to increase by a mid-single digits percentage over 2013.
News For FMC From The Last 14 Days
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October 30, 2014
09:23 EDTFMCFMC Corporation sees Q4 adjusted EPS 90c-$1.05, consensus $1.22
Says seeing strong demand for food ingredients in North America. Says Argentina remains "biggest challenge" to operations. Says YOY growth in revenue was driven by the strength in the company's Latin America business. As look to Q4, says Latin America will be the largest contributor to results. Expects to gain market share in Brazil soybean industry in Q4. Expects Agricultural Solutions segment earnings to be flat to up single digit vs. that of the previous year. Heath and Nutrition Segment. Expects Health and Nutrition Segment earnings in Q4 to be flat compared to the same period last year. Sees Minerals segment earnings to be mid single digit percent YOY in Q4. Sees FY14 cash from operations $350M. Says continues to see some swings in currency exchange rates. Sees FY14 underlying tax rate ex-items in 25-26% range. Sees FY14 capital additions $240M-$270M. Comments made during the company's Q3 earnings conference call.
October 29, 2014
16:42 EDTFMCFMC Corporation sees 2014 adjusted EPS $3.85-$3.95, consensus $4.15
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16:41 EDTFMCFMC Corporation reports Q3 EPS ex-items 95c, consensus 96c
Reports Q3 revenue $1.02B, consensus $1.05B.
15:53 EDTFMCNotable companies reporting after market close
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