Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Fluor Stock Got Crushed Today

TheMotleyFool

0 0

Shares of Fluor (NYSE: FLR) got crushed today, down by 28% as of 2 p.m. EDT, after the engineering and construction company reported disappointing second-quarter earnings results. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line.

Revenue in the second quarter came in at $4.1 billion, well below the $4.7 billion in sales that Wall Street was expecting. Fluor conducted its review during the quarter, which resulted in pre-tax charges of $714 million and contributed to a net loss attributable to Fluor of $555 million, or $3.96 per share. The consensus estimate called for earnings per share of $0.50.

Fluor headquarters. Image source: Fluor.

Quelle Fool.com

Like: 0

FLR

Share