Forum Energy: 2Q Earnings Snapshot

July 30, 2018

HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Monday reported a loss of $15.3 million in its second quarter.

The Houston-based company said it had a loss of 14 cents per share. Losses, adjusted for one-time gains and costs, were 1 cent per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.

The provider of manufactured technologies and applied products in the energy sector posted revenue of $274 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $268.1 million.

Forum Energy shares have decreased 23 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.05, a fall of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FET at https://www.zacks.com/ap/FET

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