Doc Morris raises forecast as FMC stock crashes on weak outlook

Online pharmacy Doc Morris raised its annual forecast after revenue grew approximately 20 percent in the last quarter, with the prescription drug segment surging nearly 80 percent, aided by the German e-prescription system. The company reached its break-even point on adjusted operating results earlier than expected, following a similar trend seen in Redcare Pharmacy's recent results.

In contrast, US crop protection firm FMC saw its stock crash 30 percent after slashing its quarterly revenue forecast to a maximum of 125 million dollars, far below analyst expectations of around 850 million dollars. The company is adjusting pricing strategies to address high inventory levels and competitive pressure. Penske Automotive, a major international car dealer, announced that major shareholders Penske Corporation and Mitsui will take the company private in an offer roughly 10 percent above Wednesday's closing price.

Additionally, Ericsson shares rose about 10 percent after beating quarterly expectations with 7 percent organic growth, driven by strong performance in India and Japan. Customers in these regions pulled forward orders to avoid potential price increases linked to expensive memory chips.