Dahlman Rose Discussses Earnings From FMC Technologies (FTI)

Dahlman Rose & Co. has a Hold rating on shares of FMC Technologies FTI after it reported earnings. In a note to investors, Dahlman Rose writes, "FMC Technologies reported earnings of $0.35 per share, compared with our $0.36 per share estimate and consensus of $0.37 However results included a 21% effective tax rate (incorporating a $7.3 million credit for a foreign tax holiday). Without this, the tax rate would have been 27.7% compared with management's full year estimate of 30%-32%." Shares of FTI are down $2.26 to $45.81, a loss of 4.7% this morning.