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FMC cuts agchem earnings forecasts

FMC has downgraded previous earnings forecasts for its agrochemical business due to the effects of adverse weather conditions in North America and Latin America continuing further into the second quarter than expected. The company expects second-quarter earnings to rise by "mid-single-digit percent" over the same period last year and full-year revenues and earnings to increase by the same amount. It previously forecast second-quarter earnings to grow by the "high teens to low 20s percent" and full-year revenues and earnings by the "mid-teens percent" (Agrow No 688, p 4).

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