FMC Technologies Inc. Q3 Profit Retreats 43%

(RTTNews) - FMC Technologies Inc. (FTI) released earnings for third quarter that lost ground compared to the same period last year.

The company said its profit declined to $80 million, or $0.35 per share. This was down from $140 million, or $0.61 per share, in last year's third quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 29.7% to $1.09 billion. This was down from $1.55 billion last year.

FMC Technologies Inc. earnings at a glance:

-Earnings (Q3): $80 Mln. vs. $140 Mln. last year. -Earnings Decline (Y-o-Y): -42.9% -EPS (Q3): $0.35 vs. $0.61 last year. -EPS Decline (Y-o-Y): -42.6% -Analysts Estimate: $0.23 -Revenue (Q3): $1.09 Bln vs. $1.55 Bln last year. -Revenue Change (Y-o-Y): -29.7%