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Thursday, May 24, 2018

-=FMC Corp. (FMC) reported earnings on Wed 2 May 18

** charts 3 weeks after earnings **

PHILADELPHIA (AP) _ FMC Corp. (FMC) on Wednesday reported first-quarter net income of $267.2 million, after reporting a loss in the same period a year earlier.
The Philadelphia-based company said it had profit of $1.96 per share. Earnings, adjusted for one-time gains and costs, came to $1.84 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The chemical producer posted revenue of $1.21 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.15 billion.
For the current quarter ending in July, FMC expects its per-share earnings to range from $1.65 to $1.71. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.47.
The company expects full-year earnings in the range of $5.90 to $6.20 per share, with revenue ranging from $4.05 billion to $4.25 billion.
FMC shares have fallen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped slightly more than 1 percent. In the final minutes of trading on Wednesday, shares hit $80.36, a climb of nearly 9 percent in the last 12 months.

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