Benzinga | Jul 29, 2020 04:39PM EDT

Recap: TechnipFMC Q2 Earnings

Shares of TechnipFMC (NYSE:FTI) moved higher by 2.46% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 76.92% year over year to $0.09, which beat the estimate of $0.06.

Revenue of $3,159,000,000 decreased by 8.01% from the same period last year, which beat the estimate of $3,110,000,000.

Looking Ahead

TechnipFMC hasn't issued any earnings guidance for the time being.

TechnipFMC hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $28.57

52-week low: $4.49

Price action over last quarter: Unchanged 0.00%

Company Overview

TechnipFMC is the largest provider of integrated deep-water offshore oil and gas development solutions, offering the full spectrum of subsea equipment and subsea engineering and construction services. Additionally, the company provides various oil and gas onshore engineering and construction services, with a long-standing expertise in delivering liquefied natural gas projects.