FMC Technologies Q2 Profit Declines; Lifts Lower End Of FY13 EPS Outlook

(RTTNews) - FMC Technologies Inc. (FTI) Tuesday reported second-quarter net income attributable to the company of $105.2 million, or $0.44 per share, compared to $111.9 million, or $0.46 per share in the comparable quarter last year.

Revenues for the quarter were $1.71 billion, up 14% from $1.49 billion a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.47 per share on revenues of $1.64 billion for the quarter. Analysts' estimates typically exclude special items.

For fiscal year 2013, the company raised the lower end of its guidance and now expect earnings of $2.10 to $2.25 per share. Analysts currently expect earnings of $2.18 per share.

Earlier, the company expected earnings of $2.05 per share to $2.25 per share.