WASHINGTON (dpa-AFX) - TechnipFMC plc (FTI) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $224.7 million, or $0.52 per share. This compares with $53.0 million, or $0.12 per share, last year.
Excluding items, TechnipFMC plc reported adjusted earnings of $236.2 million or $0.54 per share for the period.
Analysts on average had expected the company to earn $0.36 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.0% to $2.367 billion from $2.077 billion last year.
TechnipFMC plc earnings at a glance (GAAP) :
-Earnings: $224.7 Mln. vs. $53.0 Mln. last year. -EPS: $0.52 vs. $0.12 last year. -Revenue: $2.367 Bln vs. $2.077 Bln last year.
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