FMC stock skids on weak outlook as sales miss estimates

FMC Corp. shares slumped in premarket trade on Tuesday as the Philadelphia fertilizer company issued a weak outlook after missing fourth-quarter sales estimates.FMC stock FMC, -1.64% skidded 16% as the company posted adjusted earnings of $1.07 a share, a drop of 55%, on a 29% drop in revenue to $1.15 billion. Analysts polled by FactSet expected earnings of $1.08 per share on revenue of $1.24 billion.“During the fourth quarter we observed continued channel destocking in all regions, while drought in Brazil a ...