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.
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