Why FMC Corporation Stock Just Crashed

FMC Corporation stock plummeted 32.4% after the company dramatically slashed its Q3 guidance. Revenue is now expected to fall $65-125 million (versus analyst expectations of $866.7 million), with adjusted EBITDA projected at negative $510-565 million. The collapse stems from weaker-than-weaker demand for agricultural chemicals, rapid market price declines due to generic competition, and FMC's need to slash prices by $625-675 million to clear inventory.