LONDON (AP) _ FMC Technologies Inc. (FTI) on Wednesday reported a loss of $155.7 million in its fourth quarter.
The London-based company said it had a loss of 35 cents per share. Losses, adjusted for investment costs and to account for discontinued operations, came to 12 cents per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The provider of equipment and services to energy companies posted revenue of $1.52 billion in the period, which also missed Street forecasts. Seventeen analysts surveyed by Zacks expected $1.58 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTI at https://www.zacks.com/ap/FTI
