1. FET's Q4 revenue was $201M; orders reached $190M. 2. Reported Q4 loss of $104M due to a $119M asset impairment adjustment.
The headline net loss driven by a non-cash impairment may alarm at first glance, yet adjusted figures indicate controlled operating performance. Historically, similar earnings with substantial non-cash items have led to muted market responses.
As an official quarterly earnings release, the data directly influences investor sentiment and valuation, despite the non-cash nature of the impairment.
Earnings reports typically drive immediate, short-term trading reactions, as seen in previous quarterly releases impacting price volatility.