FMC Technologies Q4 Profit Rises; Issues FY14 EPS Outlook - Quick Facts

(RTTNews) - FMC Technologies, Inc. (FTI) reported fourth-quarter net income attributable to the company of $177.8 million or $0.74 per share, compared to $120.4 million or $0.50 per share, last year. The company said its quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustment of $11.1 million or $0.05 per share.

On average, 31 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose 11% to $2.05 billion, from $1.84 billion, a year ago, while 22 analysts expected revenue of $1.89 billion for the quarter.

The company's guidance range for 2014 earnings per share is $2.55 to $2.75. Analysts expect the company to report fiscal 2014 profit per share of $2.77.