StocksMedium•30 October 2026•
1 min read
Forum Energy Technologies Shares Drop 4.4% Despite Q3 Profit Turnaround
Key Facts
1Forum Energy Technologies reported Q3 revenue of approximately $236.8 million.
2Net income rose to $11.2 million compared to a loss of $20.6 million in the previous year.
3FET shares fell 4.4% to close at $84.89 despite beating earnings estimates.
Forum Energy Technologies shares fell 4.4% to close at $84.89, despite the company reporting third-quarter earnings that beat market estimates. Yahoo Finance reported that the company generated revenue of approximately $236.8 million during the quarter, marking a significant period of operational activity.
Net income for the period rose to $11.2 million, a substantial turnaround from the $20.6 million loss reported in the previous year. Regarding price performance, FET closed at $88.76 on October 29, 2026, after trading between a session low of $88.39 and a high of $91.99.