Benzinga | May 6, 2021 05:53PM EDT

Forum Energy Technologies Q1 EPS $(5.28) Misses $(2.28) Estimate, Adj. EBITDA $2M, Sales $115.00M Miss $119.00M Estimate

Forum Energy Technologies (NYSE:FET) reported quarterly losses of $(5.28) per share which missed the analyst consensus estimate of $(2.28) by 131.58 percent. This is a 2540 percent decrease over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $115.00 million which missed the analyst consensus estimate of $119.00 million by 3.36 percent. This is a 37.02 percent decrease over sales of $182.60 million the same period last year.