TechnipFMC Plc Q3 Profit Increases, Beats Estimates

(RTTNews) - TechnipFMC plc (FTI) reported a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $309.7 million, or $0.75 per share. This compares with $274.6 million, or $0.63 per share, last year.

Excluding items, TechnipFMC plc reported adjusted earnings of $312.1 million or $0.75 per share for the period.

Analysts on average had expected the company to earn $0.66 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.7% to $2.647 billion from $2.348 billion last year.

TechnipFMC plc earnings at a glance (GAAP) :

-Earnings: $309.7 Mln. vs. $274.6 Mln. last year. -EPS: $0.75 vs. $0.63 last year. -Revenue: $2.647 Bln vs. $2.348 Bln last year.