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HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Friday reported earnings of $52.2 million in its third quarter.
On a per-share basis, the Houston-based company said it had profit of 54 cents. Earnings, adjusted for non-recurring gains, were 52 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The provider of manufactured technologies and applied products in the energy sector posted revenue of $468.8 million in the period, which also topped Street forecasts. Analysts expected $443.9 million, according to Zacks.
Forum Energy shares have dropped almost 8 percent since the beginning of the year. The stock has declined 13 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. FET stock research report from Zacks.
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Keywords:Forum Energy,Earnings Report
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Forum Energy Plc
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CODE : FEP.L |
ISIN : GB00B07C1T48 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Forum Energy is a producing company based in United kingdom. Forum Energy is listed in United Kingdom and in United States of America. Its market capitalisation is GBX 533.3 millions as of today (US$ 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. |