FMC Tech Q3 results disappoint, shares -6.5% AH

|About: FMC Technologies, Inc. (FTI)|By:, SA News Editor

FMC Technologies (FTI) -6.5% AH even as Q3 earnings climbed 17% Y/Y and revenues rose 22% to $1.72B.

Growth fell short of estimates, in part hurt by disappointing margins; FMC said the causes were "isolated," and sees improvement going forward.

Revenue growth was broad, rising 20% for subsea technologies, 26% for surface technologies, and 15% for energy infrastructure.

Total inbound orders were $2.4B, including $1.7B in subsea technologies orders; company backlog was $7.4B, including subsea tech backlog of $6.5B.

Issued downside guidance for FY 2013, seeing EPS of $2-$2.10 vs. $2.19 analyst consensus and earlier guidance of $2.10-$2.25.