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Forum Energy Technologies reported a larger-than-expected quarterly loss, causing its stock to drop.
Forum Energy Technologies (FET) reported a quarterly loss of $0.48 per share, missing analysts' expectations by $0.58.
The stock price fell by $0.13 to $18.85 following the report.
The company, which designs and manufactures products for oil, gas, and renewable energy industries, also showed negative financial metrics including a 6.07% net margin and 2.00% return on equity.
Additionally, the company's director, Louis Raspino, sold a portion of his shares recently.
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Forum Energy Technologies informó de una pérdida trimestral mayor de lo esperado, lo que causó que su stock disminuyera.