| Forum Energy misses Street 4Q forecasts | |
| | |
|
HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Wednesday reported fourth-quarter net income of $46 million.
On a per-share basis, the Houston-based company said it had net income of 49 cents. Earnings, adjusted for non-recurring gains, came to 48 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The provider of manufactured technologies and applied products in the energy sector posted revenue of $438.7 million in the period, which also did not meet Street forecasts. Analysts expected $463.4 million, according to Zacks.
Forum Energy shares have dropped 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.56, a decrease of 36 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FET at http://www.zacks.com/ap/FET
_____
Keywords: Forum Energy Technologies, Earnings Report
|
|
|
Forum Energy Plc
|
|
|
CODE : FEP.L |
ISIN : GB00B07C1T48 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Forum Energy is a producing company based in United kingdom. Forum Energy is listed in United Kingdom and in United States of America. Its market capitalisation is GBX 533.3 millions as of today (US$ 837.0 millions, € 748.3 millions). Its stock quote reached its highest recent level on March 12, 2010 at GBX 99.75, and its lowest recent point on June 23, 2015 at GBX 15.00. Forum Energy has 35 550 000 shares outstanding. |