07:27 AM EDT, 10/24/2024 (MT Newswires) -- TechnipFMC ( FTI ) reported Q3 adjusted earnings Thursday of $0.64 per diluted share, up from $0.21 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended Sept. 30 was $2.35 billion, up from $2.06 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.34 billion.

Separately, TechnipFMC ( FTI ) said late Wednesday that it has authorized additional share repurchases of up to $1 billion, bringing the total buyback sum to $1.2 billion or more than 10% of the company's outstanding shares.

The said it has also maintained its quarterly dividend of $0.05 per share, payable Dec. 4 to shareholders of record on Nov. 19.

Shares of the company were up more than 2% in recent Thursday premarket activity.

Price: 25.77, Change: +0.61, Percent Change: +2.42