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FMC Slips After Beating Street Expectations

Rob Lenihan

fell Tuesday by 2.9% to $82.27 despite the chemical company beating Wall Street's fourth-quarter earnings expectations. The Philadelphia-based company reported fourth-quarter earnings of $32.4 million, or 24 cents a share, down from $530.1 million, or $3.94 a share, a year ago. Adjusted earnings were $1.69 a share, up 54% year over year, and ahead of Wall Street's expectations of $1.65.