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TechnipFMC’s 1Q18 Earnings Missed Analysts’ Estimates

Alex Chamberlin
TechnipFMC’s 1Q18 Earnings Missed Analysts’ Estimates

TechnipFMC (FTI) released its 1Q18 financial results on May 9 after the market closed. The company recorded operating revenues of $3.12 billion in 1Q18—down 7.8% from $3.38 billion in 1Q17. TechnipFMC’s revenues for 1Q18 decreased following subsea project completions in Africa and project completions in the Onshore/Offshore segment. The project completions were partially offset by increased demand for hydraulic fracturing, wellhead, and flow metering equipment in North America.