Correction - BUZZ - FMC shares plummet after the company warns of a third-quarter charge of up to 675 million dollars

Correction to the last key point: The year-to-date loss figures are calculated based on the previous trading day's closing price and do not include today's price movement.

October 15 - ** Agricultural chemicals company FMC Corporation (FMC.N) shares plummeted 44% in pre-market trading, down to $4.52.

** The company warned it will record charges of $625 million to $675 million in the third quarter, which will impact revenue and adjusted EBITDA.

** FMC stated that these charges stem from "commercial initiatives" undertaken to stimulate demand.

** FMC will reduce prices for certain products in Brazil, Argentina, the United States, and Canada.

** The company currently expects third-quarter revenue to be between $65 million and $125 million, far below analysts’ forecast of $869.3 million—data compiled by LSEG.

** Among 19 brokerages, 5 rate the stock as “Buy” or higher, 12 rate it as “Hold,” and 2 rate it as “Sell”; the median target price is $12.

** The stock’s current price-to-earnings ratio is 5.40 times the expected earnings per share for the next 12 months, well below the industry median of 11.30 times.

** As of the previous trading day’s close, FMC’s cumulative decline this year has exceeded 41%.

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