FMC - Activist Short Seller Accuses FMC of Misleading Investors Regarding Generic Competition Hagens Berman Encourages Investors to Contact the Firm | Benzinga
SAN FRANCISCO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges FMC Corporation (NYSE:FMC) investors who suffered substantial losses to submit your losses now.
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FMC Corporation (FMC) Investigation:
The investigation focuses on the propriety of FMC's sales and inventory management practices, and on the sustainability of growth and financial results flowing from its patented diamide insect control products.
On May 1, 2023, FMC announced its Q1 2023 financial results, said Q2 2023 revenue would be flat to the prior year quarter, and maintained FY 2023 revenue outlook of $6.08 to $6.22 billion.
But, on July 10, 2023, FMC announced updated expectations for its Q2 and FY 2023 outlook. In particular, the company slashed its Q2 2023 revenue outlook by about 30%, reduced its FY 2023 ...