Fluor: 2Q Earnings Snapshot
IRVING, Texas (AP) _ Fluor Corp. (FLR) on Thursday reported a second-quarter loss of $554.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Irving, Texas-based company said it had a loss of $3.96. Earnings, adjusted for non-recurring costs, came to 33 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The engineering, construction and operations company posted revenue of $4.09 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $4.56 billion.
Fluor shares have dropped 4% since the beginning of the year, while the Standard & Poor’s 500 index has increased 18%. In the final minutes of trading on Thursday, shares hit $30.91, a fall of 39% in the last 12 months.