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FMC Technologies (FTI) Stock Gains on Q3 Earnings, Upgrade

NEW YORK (TheStreet) -- Shares of FMC Technologies (FTI) were rising 5.11% to $33.10 on heavy trading volume late Thursday morning after the company posted better-than-expected earnings for the 2016 third quarter.

After yesterday's closing bell, the Houston-based technology solutions provider reported adjusted earnings of 35 cents per diluted share, topping analysts' estimates of 23 cents per share.

Revenue for the period was $1.10 billion, while analysts had expected revenue of $1.15 billion.

"Subsea technologies achieved further improvement in segment operating...