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Published March 7, 2025
Pesticides manufacturer FMC killed investors’ hopes when it missed its revenue guidance because of sales downturn. Furious investors plucked their shares out of FMC, causing the Company’s stock price to fall 33% overnight. Some investors have filed a class-action against FMC to recover their lost “green.”
In late 2023, FMC announced its annual outlook, projecting 3% revenue growth in the coming year. A few months later, FMC also announced “Project Focus,” an effort to cut costs in response to a downturn in Latin America and other areas. Still, FMC executives remained confident in the revenue growth projection.
Investors were shocked when, in February 2025, FMC executives revealed revenue was down 5%. Executives blamed the “unprecedented downturn” on weak demand in Latin America and other areas.
Stunned investors quickly dumped their FMC shares, causing the stock price to tumble. Some investors are now joining the class action.