FMC Corp. (FMC) Misses Q1 EPS by 14c; Revises Lower

FMC Corp. (NYSE: FMC) reported Q1 EPS of $0.43, $0.14 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $596 million versus the consensus estimate of $756.33 million.

• Consolidated revenue of $596 million, down 2 percent versus Q1 '16
• Consolidated GAAP net loss of $0.92 per diluted share
• Consolidated adjusted earnings per diluted share of $0.43, up 19 percent versus Q1 '16
• Agricultural Solutions segment earnings of $83 million, up 1 percent versus Q1 '16
• Lithium segment earnings of $22 million, up 45 percent versus Q1 '16
• Health and Nutrition results moved to discontinued operations
• Revising guidance for 2017 adjusted earnings per diluted share to a range of $2.20 to $2.60

GUIDANCE:

FMC Corp. sees FY2017 EPS of $2.20-$2.60, versus the consensus of $3.38.

For earnings history and earnings-related data on FMC Corp. (FMC) click here.

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