Why FMC Corporation Rallied Today

Shares of FMC Corporation (NYSE: FMC) rallied on Thursday, up 15.8% as of 12:03 p.m. EDT.The agricultural chemicals company reported earnings last night. While the initial market reaction was negative due to a revenue miss and guidance cut, there was apparently enough good news to trigger a relief rally in this very beaten-down stock. In the second quarter, FMC's revenue declined by 17% to $867 million, missing expectations by $30 million. However, adjusted (non-GAAP) earnings per share of $0.26 beat expectations, despite falling an ignominious 62% from the prior year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool