20.02.2024 15:59:43 - dpa-AFX: Fluor Shares Fall After Reporting Q4 Loss Despite Beating Street And Increased Revenue
WASHINGTON (dpa-AFX) - Shares of engineering and construction firm Fluor
Corporation (FLR) are falling more than 5 percent Tuesday morning after
reporting a loss in the fourth quarter compared with profit last year. The
company's revenue came in below analysts' view.
Fluor reported a loss of $21 million or $0.12 per share for the fourth quarter,
compared with earnings of $9 million or $0.01 loss per share in the prior year.
Excluding special items, the company posted profit of $0.68 per share.
Revenue for the quarter was $3.8 billion, up from $3.7 billion a year ago.
Analysts on average, polled by Thomson-Reuters expected the company to report
profit of $0.57 per share, on revenues of $4.11 billion for the quarter.
FLR, currently at $39.27, has traded in the range of $25.69 - $43.24 in the last
1 year.
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