FMC Corp. (NYSE: FMC) reported Q3 EPS of $0.95, $0.02 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.06 billion.

FMC Corp. sees FY2014 EPS of $3.85-$3.95, versus the consensus of $4.15.

Pierre Brondeau, FMC president, CEO and chairman, said: "In the third quarter, market dynamics continued to affect our portfolio. Agricultural markets were impacted by multiple factors around the world, a softening of demand in China affected parts of our Health and Nutrition portfolio, and Argentina continued to weigh on Lithium's results. Despite this, we generated record revenue, adjusted operating income and adjusted EPS in the third quarter.

"So far, 2014 has been an unusual year for the agricultural segment. The first half was characterized by prolonged cold weather in North America that led to delayed plantings and lower pest pressures, which together impacted crop protection purchases by farmers. This was followed by favorable North American growing conditions for corn and soybeans and continued low pest pressures, which are also impacting crop protection purchases and leading to record yields. Consequently, we saw commodity prices falling rapidly, creating greater uncertainty around farmer planting intentions in Brazil today and for North America in 2015. Despite the lower predictability this brings to our business, we expect to further penetrate the markets in Argentina, Mexico and Brazil, and expect strong demand for our North American pre-emergent herbicides.

"In Health and Nutrition, we saw solid demand for functional ingredients in the majority of our end markets during the third quarter. We are carefully watching certain beverage applications in China after a second consecutive quarter of softening demand. In Minerals, operations in both Alkali Chemicals and Lithium remain very strong with production volumes at record levels. Combined with higher average soda ash pricing versus 2013, these increased production volumes provide a strong foundation for full-year 2014 earnings to exceed 2013 by over 20 percent."

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