New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:56 EDTFTIFMC Technologies discloses receipt of SEC subpoena in Q2
FMC Technologies disclosed that during the second quarter, the company received an inquiry and a subpoena from the SEC seeking information about certain accruals for paid time off , or PTO, during the first quarter of 2013. The company has cooperated and fully responded to the requests for information. The inquiry is with regard to the reversal of an accrual for PTO that caused the liability for PTO to be understated for the quarter ended March 31, 2013. During the second quarter of 2013, the company identified and corrected the understatement of the PTO liability and assessed and concluded that the correction was not material, or $0.6M, net of tax, to the company’s consolidated financial statements for the quarters ended March 31 and June 30, 2013, respectively. The company discussed the matter with its independent registered public accounting firm and the company’s Audit Committee, FMC stated.
News For FTI From The Last 14 Days
Check below for free stories on FTI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
09:59 EDTFTIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:46 EDTFTIDril-Quip price target lowered to $120 from $137 at FBR Capital
Subscribe for More Information
08:08 EDTFTIFMC Technologies downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded FMC Technologies to Market Perform citing expectations for a reduction in the volume of subsea well starts. FBR lowered its price target for shares to $58 from $68.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use