TechnipFMC's stock rating drops to "hold" as earnings and revenue miss analyst estimates.

TechnipFMC, an oil and gas company, has seen its stock rating downgraded to "hold" after missing earnings and revenue expectations. Despite a 29.7% drop in shares during the first quarter, there has been mixed institutional investor activity, with Lisanti Capital Growth LLC increasing its holdings by 38% and Diversified Trust Co decreasing its shares owned by 33.9%. TechnipFMC's earnings per share were $0.33, falling short of the $0.36 analyst estimate, while revenue was $2.23 billion.