FMC reported second-quarter revenue of $841.4 million, a 19.9% decline from a year ago and 7.03% below the Zacks Consensus Estimate of $905.01 million. Earnings per share came in at $0.26, down from $0.69 a year earlier but 23.81% above the consensus estimate of $0.21. By geography, North America revenue fell 22.5% to $248.8 million, Asia dropped 20.6% to $126.3 million, EMEA declined 17.7% to $214.1 million, and Latin America decreased 10.4% to $277.9 million, with all regions missing analyst estimates except Asia. The stock has gained 4.2% over the past month, outperforming the S&P 500's 0.5% decline, but carries a Zacks Rank of 5, or Strong Sell.
FMC CorporationRevenue missed estimates by 7% and declined 19.9% year-over-year, despite EPS beat.