Stocks Drop as Company Adjusts to Big Changes

FMC Corporation, a big name in agricultural sciences, saw its stock price drop by 13% after hours on Wednesday. This happened even though the company made more profit than expected. The issue? Revenue didn't meet expectations, partly because of plans to sell its business in India. The company's revenue took a hit because it had to reclassify its India operations as "held for sale. " This meant a big write-down from $960 million to $450 million. That change led to $510 million in charges and a significant net loss. Not great news for investors. Things aren't looking up everywhere. FMC is facing weaker pricing and more competition from generic products in Latin America and Asia. It's also dealing with cash flow problems and constraints on working capital. All of these factors are making it harder for the company to grow. To deal with these challenges, FMC is making some big changes. It's realigning its manufacturing operations, cutting costs, and focusing on new products. The company is also reducing its dividend to pay down debt faster. These moves show that FMC is trying to get back on track, but it's a tough road ahead. Investors are worried, and the stock price drop shows that. The company's future depends on how well it can execute these changes and adapt to the market. It's a critical time for FMC, and only time will tell if these efforts will pay off.