Shares of oilfield equipment maker FMC Technologies (FTI +3.9%) surge after Q2 profit margins on...

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

Shares of oilfield equipment maker FMC Technologies (FTI +3.9%) surge after Q2 profit margins on the company's subsea sales increase more than expected to 11.6%. FTI will garner $4B-$5B in subsea-related orders this year as the market for underwater drilling equipment strengthens, CEO John Gremp says.