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Stock impact report

TechnipFMC (FTI) Q1 Earnings Surpass, Revenues Rise Y/Y [Yahoo! Finance]

FTI Consulting, Inc. (FCN) 
Last fti consulting, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.fticonsulting.com
Company Research Source: Yahoo! Finance
The company reported breakeven earnings in the year-ago quarter. The improvement can be attributed to better-than-expected performance in the Subsea segment. Revenues of $2 billion beat the Zacks Consensus Estimate by 3.5%. The top line also increased from the year-ago quarter's reported figure of $1.7 billion. This was primarily due to a higher revenue contribution from the aforementioned segment. FTI's first-quarter inbound orders decreased 5.2% from the year-ago period's level to $2.4 billion. The company's backlog rose during the same time frame. As of March-end, TechnipFMC's order backlog totaled $12.5 billion, up about 32.6% from the year-ago quarter. On Apr 23, FTI's board of directors declared a quarterly cash dividend of 5 cents per share to its common shareholders of record as of May 21. The payout, which remained flat quarter over quarter, will be made on Jun 5. In the reported quarter, the company repurchased 6.3 million of its common shares for a total of $150.1 m Show less Read more
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