FMC Technologies 3Q revenue rose 22% on strong subsea systems ops |
|
|
|
Published
:
Mon, 29 Oct 2007 22:47
|
NEW YORK (Thomson Financial) - FMC Technologies late Monday reported third-quarter net earnings of $78.7 million, or 59 cents a share.Earnings from continuing operations were 60 cents a share.The mean estimate of analysts polled by Thomson Financial was 55 cents a share.Sales rose 22% to $1.14 billion, in line with Wall Street's consensus view, led by strength in its subsea systems business.In the same period a year earlier, the company's posted a net profit of 43 cents a share and earnings from continuing operations of 41 cents a share, on sales of $931.2 million.The Houston-based company which designs, makes and services systems for the energy, food processing and air transportation industries said it expects 2007 earnings from continuing operations of $2.16 to $2.21 a share.The stock closed Monday at $66.86, up 1.9%.Michelle Ramamr/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
Print this Story
Subsea 7 Q3 well ahead of consensus on high activity level UPDATE 