TechnipFMC (FTI) Q1 Earnings Surpass, Revenues Rise Y/Y

Published on 29 Apr 2024 on Zacks via Yahoo Finance

TechnipFMC (FTI) Q1 Earnings Surpass, Revenues Rise Y/Y

TechnipFMC plc (FTI) reported first-quarter 2024 adjusted earnings of 22 cents per share, which beat the Zacks Consensus Estimate of 16 cents. The company reported breakeven earnings in the year-ago quarter. The improvement can be attributed to better-than-expected performance in the Subsea segment.

Revenues of $2 billion beat the Zacks Consensus Estimate by 3.5%. The top line also increased from the year-ago quarter’s reported figure of $1.7 billion. This was primarily due to a higher revenue contribution from the aforementioned segment.

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TechnipFMC (FTI) Q1 Earnings Surpass, Revenues Rise Y/Y

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