HOUSTON (AP) — HOUSTON (AP) — FMC Technologies Inc. (FTI) on Thursday reported second-quarter profit of $269.5 million.
On a per-share basis, the Houston-based company said it had net income of 64 cents. Earnings, adjusted for one-time gains and costs, were 68 cents per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The provider of equipment and services to energy companies posted revenue of $2.53 billion in the period, also beating Street forecasts. Fifteen analysts surveyed by Zacks expected $2.48 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTI at https://www.zacks.com/ap/FTI
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/Netflix%20on%20tv%20with%20remote%20by%20freestocks%20via%20Unsplash.jpg)
/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
