Shares of agriculture stock FMC Corporation (NYSE: FMC) jumped as much as 14.1% in late trading on Wednesday after reporting third-quarter financial results. Shares are at their daily highs at 3:20 p.m. EDT and show no sign of slowing down.
Revenue jumped 10% versus a year ago to $1.19 billion on the back of 9% organic growth. Net income rose 41.7% to $157.9 million, or $1.22 per share. On an adjusted basis, which pulls out one-time items, earnings were up 17% to $1.43 per share, beating the $1.32 that analysts were expecting.
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Why FMC Corporation Stock Jumped 14.1% Today