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FMC Cuts Profit Forecast as Real Slump Hurts Pesticide Sales

FMC Corp. lowered its full-year earnings forecast and plans to cut as much as 12 percent of its workforce as the pesticide company joined Monsanto Co. and DuPont Co. in facing an erosion of sales related to the slumping Brazilian real.

Profit excluding one-time items is now expected to be $2.35 to $2.45 a share in 2015, Philadelphia-based FMC said Monday in a statement. The company’s projection in August was for $3 to $3.30 and the average of 15 analyst estimates compiled by Bloomberg was $3.02.

Monsanto and DuPont last week also cited a declining real and...