WASHINGTON (dpa-AFX) - Technology solutions provider FMC Technologies Inc. (FTI), Tuesday reported an increase in profit for the first quarter, due mainly to higher revenues.
The Houston, Texas-based company reported a first-quarter net profit attributable to FMC Technologies, Inc. of $98.8 million or $0.41 per share, compared to $85.2 million or $0.35 per share last year.
On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew to $1.40 billion from $1.08 billion in the prior-year quarter. Twenty one analysts had a consensus revenue estimate of $1.40 billion for the quarter.
Looking ahead, the company reiterated its guidance for full-year 2012 earnings of $2.10 to $2.25 per share. Analysts currently expect earnings of $2.17 per share for the year.
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