Investing.com -- Technip (EPA: FTI ) Energies (TE) shares have seen a 7.2% decrease after the company reported a mixed bag of results for the first quarter.

The company’s Q1 revenue for its TechnipFMC (NYSE: FTI ) Surface Technologies (TPS) segment was reported at 450 million euros ($512.42 million), falling short of the anticipated 522 million euros.

The net profit for Q1 also didn’t meet expectations, with the company posting 101 million euros against the expected 109 million euros.

In addition to these results, Technip Energies also revised its 2025 revenue guidance for the TPS segment. The new forecast range is between 1.8 billion and 2.2 billion euros.

This adjustment broadens the previous guidance, which was set between 2.0 billion and 2.2 billion euros.

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