Forum Energy Technologies Q3 Profit Down - Quick Facts

(RTTNews) - Forum Energy Technologies, Inc. (FET) Thursday reported third-quarter profit of $33 million or $0.35 per share, down from $41 million or $0.44 per share in the same period last year.

Adjusted earnings for the quarter was $0.44 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically excludes special items.

Revenues increased to $390 million from $348 million last year. Analysts expected revenues of $407.71 million.

Looking ahead to the fourth-quarter, the company has forecast earnings in a range of $0.42 to $0.46 per share. Analysts currently expect fourth-quarter earnings of $0.49 per share.