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Forum Energy: 3Q Earnings Snapshot

HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Monday reported a loss of $3.1 million in its third quarter.

On a per-share basis, the Houston-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The provider of manufactured technologies and applied products in the energy sector posted revenue of $267 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $286.3 million.

Forum Energy shares have declined 48 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.08, a decrease of 39 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FET at https://www.zacks.com/ap/FET