FMC Technologies: 1Q Earnings Snapshot

LONDON (AP) _ FMC Technologies Inc. (FTI) on Wednesday reported a first-quarter loss of $3.26 billion, after reporting a profit in the same period a year earlier.

The London-based company said it had a loss of $7.28 per share. Losses, adjusted for non-recurring costs, were 11 cents per share.

The results missed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The provider of equipment and services to energy companies posted revenue of $3.13 billion in the period, which also did not meet Street forecasts. Twenty analysts surveyed by Zacks expected $3.43 billion.

FMC Technologies shares have dropped 62% since the beginning of the year, while the Standard & Poor's 500 index has fallen 13%. In the final minutes of trading on Wednesday, shares hit $8.24, a fall of 67% in the last 12 months.

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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