UPDATE 2-TechnipFMC shares slide after company says it has overstated earnings

TechnipFMC’s shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million.

TechnipFMC said late on Monday that the overstatement stemmed from accounting errors related to its auditing of foreign exchange movements, after examining the matter with its management and PricewaterhouseCoopers.

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