Why Shares of TechnipFMC Jumped 20% in July

·2 min read

After plunging 18.3% in June, shares of oil-field services stock TechnipFMC (NYSE: FTI) bounced back in July and rose 20.2%, according to data from S&P Global Market Intelligence. Booking $1.72 billion on the top line, TechnipFMC beat analysts' $1.4 billion revenue estimate for Q2 2022. Gaining a view of the promising things that lie ahead for the company also motivated investors to power their portfolios with the oil-field services stock.