FMC Earnings: Here’s Why Investors are Selling Shares Now

FMC Corp. (NYSE:FMC) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.36%.

FMC Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.17% to $0.94 in the quarter versus EPS of $0.92 in the year-earlier quarter.

Revenue: Rose 5.99% to $959.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FMC Corp. reported adjusted EPS income of $0.94 per share. By that measure, the company met the mean analyst estimate of $0.94. It missed the average revenue estimate of $967.9 million.

Quoting Management: Pierre Brondeau, FMC president, CEO and chairman, said, “We remain firmly on track to meet or exceed our Vision 2015 targets. We are executing our growth strategies across the enterprise, pursuing the right opportunities to expand our portfolio, and delivering premium shareholder return.”

Key Stats (on next page)…

Revenue decreased 3.11% from $990.2 million in the previous quarter. EPS decreased 14.55% from $1.10 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.93 to a profit $0.94. For the current year, the average estimate has moved up from a profit of $3.94 to a profit of $3.99 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)