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TechnipFMC: stock up after estimates revised.

(CercleFinance.com) - TechnipFMC is up 5% in early trading today, after the oil services group reviewed its forecasts for 2017, when it published adjusted diluted EPS of 0.
39 dollar for Q3, against 0.45 dollar expected.

Adjusted EBITDA, excluding charges and credits, fell by 23.3% to 536.2 million dollars over the previous quarter, meaning a margin of 12.9% on total revenues of 4,140.9 million dollars, down 17.8%.

In 2017, revenue from the Onshore/Offshore segment is expected to reach 7.7 billion dollars against 7.3 billion dollars previously announced. The group's EBITDA margin (excluding charges and credits) is set to be at least 9.5%, against 8% previously announced.

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