TechnipFMC plc Q4 Loss Decreases, but misses estimates

TechnipFMC plc (FTI) reported Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings came in at -$37.3 million, or -$0.02 per share. This compares with -$155.7 million, or -$0.06 per share, in last year's fourth quarter.

Excluding items, TechnipFMC plc reported adjusted earnings of -$20.7 million or -$0.05 per share for the period.

Analysts on average had expected the company to earn $0.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $1.69 billion from $1.52 billion last year.

TechnipFMC plc earnings at a glance (GAAP) :

-Earnings (Q4): -$37.3 Mln. vs. -$155.7 Mln. last year.
-EPS (Q4): -$0.02 vs. -$0.06 last year.
-Analyst Estimates: $0.03
-Revenue (Q4): $1.69 Bln vs. $1.52 Bln last year.

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