🟢 TechnipFMC is trading 4.1% up today after strong Q2 earnings and raised subsea outlook

TechnipFMC is trading at $71.74 (+4.09%) after reporting strong second-quarter results that exceeded analyst estimates.

• The company posted revenue of $2.76 billion and adjusted EPS of $0.91, both beating market expectations.
• Performance was driven by $2.51 billion in subsea inbound orders, bringing the company's total backlog to $16.4 billion.
• Management indicated that Subsea revenue and EBITDA margins are currently tracking toward the high end of their full-year guidance.