Forum Energy Technologies (FET) -2.2% premarket after cutting its full-year earnings projection,...

|About: Forum Energy Technologies (FET)|By:, SA News Editor

Forum Energy Technologies (FET) -2.2% premarket after cutting its full-year earnings projection, seeing EPS of $1.72-1.74 vs. $1.85 consensus and below prior guidance of $1.83-$1.88. FET blames lower than anticipated customer spending on capital equipment and consumable products especially in its drilling product line, among other factors.