Corrected: BUZZ-FMC plunges after warning of up to $675 million charges in Q3

FMC

15/10/2026 13:28

Corrects final bullet to say YTD loss is up to last close, not including session's move
** Agricultural chemicals company FMC Corporation FMC.N shares plummet 44% to $4.52 premarket
** Co warns it will take $625 million to $675 million of charges in Q3, impacting revenue and adjusted EBITDA
** Says charges will be because of "commercial actions" it is taking to boost demand
** FMC will lower the price of select products in Brazil, Argentina, US and Canada
** Co now expects third-quarter revenue between $65 million and $125 million, far below analysts' estimate of $869.3 mln - data compiled by LSEG 
** 5 of 19 brokerages rate the stock "buy" or higher, 12 "hold" and 2 "sell"; median PT $12 
** Stock trading at 5.40 times expected EPS over the next 12 months, far below industry median of 11.30
** As of last close, FMC down over 41% YTD

 (Reporting by Jayasree Prabhu)
 ((Jayasree.Prabhu@thomsonreuters.com))