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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