FMC Technologies (FTI) Tops Q3 EPS by 5c

FMC Technologies (NYSE: FTI) reported Q3 EPS of $0.79, ex-items, $0.05 better than the analyst estimate of $0.74. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.96 billion.

"Quarterly subsea margins are at the highest level we have delivered in over four years," said John Gremp, Chairman, President and CEO of FMC Technologies. "Our focus on execution, the strength of our backlog, and the growth of our subsea service revenue has positioned us to continue delivering mid-teen level margins."

"In Surface Technologies, we delivered record earnings on the growth of our North American fluid control business, as well as continued strong performance in our international surface wellhead business."

For earnings history and earnings-related data on FMC Technologies (FTI) click here.

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