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Earnings Calls: 
FMC Technologies Earnings Call, Second Quarter 2008
Author: 123jump.com Staff
123jump.com
Last Update: 7:19 AM ET August 03 2008
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FMC Technologies reported revenues of $1.5 billion, up 27% over the second quarter of 2007. Diluted earnings per share from continuing operations were 81 cents, up 47% from 55 cents per diluted share in the prior-year quarter. The earnings per share included a 4 cents per share charge associated with the planned spin-off of JBT Corporation (JBT) and a 5 cents per share gain associated with the non-cash mark-to-market of foreign currency contracts JBT, is planned to be spun-off on July 31, 2008.

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Peter D. Kinnear: Certainly the Asgard gas field that Statoil has is a target and they are working towards that end and the Shtokman field offshore, Russia is another big target for compression. So the interest is there, it is just going to take a while for the industry to get everything in place.
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