Why Fluor Stock Is Climbing Higher Today
Construction and engineering giant Fluor (NYSE: FLR) saw its shares fall back in March, after the company sold off its South American operations and tried to wait out a couple of legacy projects that were eating into returns. Judging by the latest results, the company has succeeded in getting back on track.
Shares of Fluor gained more than 15% on Friday after the company easily surpassed Wall Street expectations for the quarter and upped its full-year guidance.
Fluor provides engineering and construction services for large customers. The company earned $0.76 per share in the second quarter on revenue of $3.94 billion, topping the consensus estimate of $0.43 per share on $3.6 billion in revenue.
Source Fool.com
Fluor Corp. Stock
€44.04
0.830%
Fluor Corp. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
However, we have a potential of -2.36% for Fluor Corp. as the target price of 43 € is below the current price of 44.04 €.
