NEW YORK (TheStreet) -- FMC (FMC) shares are down -4.4% to $71.45 on Monday after the chemical company lowered its second quarter and full year earnings guidance.
The company expects an EPS range of 95 cents - $1.05 during the second quarter, down from a range of $1.05 - $1.15 due to inclement weather in North America and a drought in Brazil that has hurt its herbicide and pesticide sales.
It also lowered full year guidance to $4.10 - $4.30, down from previous estimates of $4.35 - $4.55.
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TheStreet Ratings team rates FMC CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FMC CORP (FMC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."