Stock Track | TechnipFMC Plummets 5.07% Intraday on Q4 Revenue Miss Despite Earnings Beat
Stock Track
Feb 19
TechnipFMC's stock plummeted 5.07% during intraday trading on Thursday, as the market reacted to the company's mixed fourth-quarter financial results.
The energy technology provider reported adjusted earnings per share of $0.70, beating analyst estimates of $0.51. However, quarterly sales of approximately $2.05 billion to $2.52 billion (depending on the report) missed the consensus estimate of $2.53 billion, representing a significant revenue shortfall compared to expectations.
While the company raised its 2026 subsea revenue guidance to a range of $9.20 billion to $9.60 billion, investors focused on the immediate revenue disappointment, leading to the sharp sell-off during the trading session.
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