FMC Technologies: Q2 Earnings Snapshot
NEWCASTLE UPON TYNE, Britain (AP) _ FMC Technologies Inc. (FTI) on Wednesday reported second-quarter net income of $2.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Newcastle Upon Tyne, Britain-based company said it had net income of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of equipment and services to energy companies posted revenue of $1.72 billion in the period, beating Street forecasts. Seventeen analysts surveyed by Zacks expected $1.7 billion.