Fluor: 2Q Earnings Snapshot
Aug. 02, 2018
IRVING, Texas (AP) _ Fluor Corp. (FLR) on Thursday reported second-quarter net income of $114.8 million, after reporting a loss in the same period a year earlier.
The Irving, Texas-based company said it had profit of 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The engineering, construction and operations company posted revenue of $4.88 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.51 billion.
Fluor expects full-year earnings to be $2.10 to $2.50 per share.
Fluor shares have risen slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 6 percent. In the final minutes of trading on Thursday, shares hit $51.70, a rise of 18 percent in the last 12 months.