WASHINGTON (dpa-AFX) - TechnipFMC plc (FTI) reported earnings for first quarter that decreased from the same period last year.
The company's profit came in at $20.9 million, or $0.05 per share. This compares with $95.1 million, or $0.20 per share, in last year's first quarter.
Excluding items, TechnipFMC plc reported adjusted earnings of $27.3 million or $0.06 per share for the period.
Analysts had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.0% to $2.91 billion from $3.13 billion last year.
TechnipFMC plc earnings at a glance:
-Earnings (Q1): $27.3 Mln. vs. $131.5 Mln. last year. -EPS (Q1): $0.06 vs. $0.28 last year. -Analysts Estimate: $0.29 -Revenue (Q1): $2.91 Bln vs. $3.13 Bln last year.
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