| Forum Energy beats 1Q profit forecasts | |
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HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Thursday reported first-quarter net income of $28.7 million.
The Houston-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring gains, came to 30 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The provider of manufactured technologies and applied products in the energy sector posted revenue of $348.1 million in the period, which missed Street forecasts. Ten analysts surveyed by Zacks expected $378.4 million.
Forum Energy shares have climbed roughly 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.09, a fall of 30 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FET at http://www.zacks.com/ap/FET
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Keywords: Forum Energy Technologies, Earnings Report
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Forum Energy Plc
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CODE : FEP.L |
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ISIN : GB00B07C1T48 |
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Forum Energy est une société de production minière basée au Royaume-Uni. Forum Energy est cotée au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 533,3 millions GBX (837,0 millions US$, 748,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 mars 2010 à 99,75 GBX, et son plus bas niveau récent le 23 juin 2015 à 15,00 GBX. Forum Energy possède 35 550 000 actions en circulation. |