TechnipFMC Adj. Q2 EPS $0.10 Misses $0.15 Estimate, Sales $1.97B Beat $1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC (NYSE:FTI) reported Q2 adjusted earnings of $0.10 per share, missing the analyst consensus estimate of $0.15 by 33.33%. However, this is a 400% increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $1.97 billion, beating the analyst consensus estimate of $1.93 billion by 2.18%. This is a 14.85% increase over sales of $1.72 billion the same period last year.
July 27, 2023 | 10:48 am
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NEUTRAL IMPACT
TechnipFMC's Q2 earnings missed estimates but showed a significant YoY increase. Sales exceeded estimates and also showed a YoY increase.
TechnipFMC's Q2 earnings missed analyst estimates, which could negatively impact the stock. However, the significant YoY increase in earnings and sales beating estimates could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100