FMC's Revenue up 22% for Third Quarter 2007

FMC Technologies reported third quarter 2007 revenue of $1.1 billion, up 22% over the third quarter of 2006 led by the strength of its subsea systems business. Diluted earnings per share from continuing operations were $0.60, up 46% from $0.41 per diluted share in the prior-year quarter. Subsea inbound orders of $766 million up $490 million from the prior-year quarter and 81% year-to-date.

Energy Systems operating profit up 42% compared to prior-year quarter. The company increases guidance for earnings from continuing operations to a range of $2.16 to $2.21.

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