FMC Technologies Reports Second Quarter 2016 Diluted Earnings per Share of $0.01; Excluding Charges, Adjusted Diluted Earnings per Share of $0.22
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Go back to FMC Technologies Reports Second Quarter 2016 Diluted Earnings per Share of $0.01; Excluding Charges, Adjusted Diluted Earnings per Share of $0.22
July 22, 2016 8:26 AM EDT
Jefferies maintained a Hold rating on FMC Technologies (NYSE: FTI), and cut the price target to $27.00 (from $29.00), following the company's 2Q earnings report. Jefferies decided to cut 2016 EPS estimates to $0.80, from $1.00, driven by weaker Surface margins.
Analyst Brad Handler commented,... More
July 22, 2016 7:50 AM EDT
Simmons reiterated an Overweight rating on FMC Technologies (NYSE: FTI), and raised the price target to $29.00 (from $27.00), following a 2Q earnings review. 2016 revenue guidance has been lowered from $3.6B to $3.3-3.4B.
Analyst Bill Herbert commented, "Q2 was characterized by resilient Subsea performance and... More
July 20, 2016 4:20 PM EDT
FMC Technologies (NYSE: FTI) reported Q2 EPS of $0.22, $0.08 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.26 billion.
For earnings history and earnings-related data on FMC Technologies (FTI) click here.
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