Forum Energy Technologies Q1 Adj. EPS $(0.04) Misses $0.27 Estimate, Sales $193.30M Miss $196.45M Estimate

Forum Energy Technologies (NYSE:FET) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.27 by 114.81 percent. This is a 66.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $193.30 million which missed the analyst consensus estimate of $196.45 million by 1.60 percent. This is a 4.50 percent decrease over sales of $202.40 million the same period last year.