TechnipFMC plc (FTI) revealed a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $142 million, or $0.33 per share. This compares with $157.1 million, or $0.35 per share, last year.
Excluding items, TechnipFMC plc reported adjusted earnings of $142.9 million or $0.33 per share for the period.
Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.4% to $2.233 billion from $2.042 billion last year.
TechnipFMC plc earnings at a glance (GAAP) :
-Earnings: $142 Mln. vs. $157.1 Mln. last year.-EPS: $0.33 vs. $0.35 last year.-Revenue: $2.233 Bln vs. $2.042 Bln last year.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.