Investing.com - TechnipFMC (NYSE:FTI) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TechnipFMC announced earnings per share of $0.030 on revenue of $1.730. Analysts polled by Investing.com anticipated EPS of $0.090 on revenue of $1.74B.
TechnipFMC shares are up 102.69% from the beginning of the year, still down 1.97% from its 52 week high of $11.14 set on October 26.
TechnipFMC shares lost 6.59% in after-hours trade following the report.
TechnipFMC follows other major Energy sector earnings this month
TechnipFMC's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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