Wed, Jul 23, 2014, 6:51 AM EDT - U.S. Markets open in 2 hrs 39 mins

Recent

% | $
Click the to save as a favorite.

FMC Technologies, Inc. Message Board

  • rcf812 rcf812 Mar 10, 2008 4:33 PM Flag

    FMC outlook from the depths

    Earnings from continuing operations were 70 cents per share for the quarter, up 49 percent from 47 cents a year earlier.
    Revenue rose to $1.4 billion from $1.1 billion, led by the strength of its subsea systems business, FMC said.

    Analysts on average were expecting earnings of 62 cents and revenue of $1.228 billion, according to Reuters Estimates. There were fewer shares outstanding in the 2007 fourth quarter than in the 2006 fourth quarter.

    Looking ahead, FMC said it expects 2008 full-year earnings from continuing operations in the range of $2.75 to $2.85 per share. Analysts currently expect $2.76.

    The company said orders in the quarter totaled $2.5 billion, of which $2.0 billion was in subsea systems primarily driven by the Total Pazflor award, which had a value of approximately $980 million. Backlog reached $4.9 billion, including a record $3.9 billion for subsea systems.
    Well run company, I've worked for them and have owned share since IPO.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree. I've known the Financial and Legal leadership over the years, very solid, quite conservative. Bought stock when it was trading around $23 - also knew just enough about the politics of oil to realize that offshore oil was going to be a lot easier to access in the future.

      Wish I had bought more back then.

 
FTI
61.30+0.40(+0.66%)Jul 22 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.