Brief: Forum Energy Technologies Posts Q4 Loss Per Shr $0.11

Forum Energy Technologies

13/02/2020 02:05

Feb 12 (Reuters) - Forum Energy Technologies Inc  FET.N :
    * FORUM ENERGY TECHNOLOGIES ANNOUNCES FOURTH QUARTER AND
FULL YEAR
2019 RESULTS
    * Q4 LOSS PER SHARE $0.11
    * Q4 REVENUE $200 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$213.1
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES
DATA
    * Q4 ADJUSTED LOSS PER SHARE $0.09 EXCLUDING ITEMS
    * FORUM ENERGY TECHNOLOGIES- OILFIELD ACTIVITY IS OFF TO A
SLOW
START IN 2020 DUE TO LOW OIL AND NATURAL GAS PRICES AND
CONSTRAINED SPENDING BUDGETS
    * EXPECT EBITDA FOR 2020 TO BE WITHIN A RANGE OF $60 MILLION
TO
$70 MILLION
    * FORUM ENERGY TECHNOLOGIES- UNCERTAINTY ABOUT DEMAND FOR
OIL DUE
TO CONCERNS ABOUT CORONAVIRUS AND ITS POTENTIAL IMPACT ON
CHINESE AND GLOBAL ECONOMY
    * CO EXPECT TO CONTINUE TO GENERATE SIGNIFICANT FREE CASH
FLOW
THROUGHOUT 2020

Source text for Eikon:  ID:nBw4tjzpka 
Further company coverage:  FET.N 

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