FMC Technologies: 4Q Earnings Snapshot

LONDON (AP) _ FMC Technologies Inc. (FTI) on Wednesday reported a loss of $2.26 billion in its fourth quarter.

The London-based company said it had a loss of $5 per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 9 cents per share.

The results did not meet Wall Street expectations. The average estimate of 21 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The provider of equipment and services to energy companies posted revenue of $3.32 billion in the period, also falling short of Street forecasts. Twenty-six analysts surveyed by Zacks expected $3.41 billion.

For the year, the company reported a loss of $1.92 billion, or $4.20 per share, swinging to a loss in the period. Revenue was reported as $12.55 billion.

FMC Technologies shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. In the final minutes of trading on Wednesday, shares hit $24.58, a drop of 16 percent 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