Why Fluor Stock Is Soaring Higher Today
Engineering and construction company (NYSE: FLR) easily beat quarterly expectations, and the company is optimistic about what the future holds. Investors are rallying into the shares, sending the stock up about 10% as of 11:00 Eastern on Friday.
Fluor is one of the world's largest construction and engineering companies, with an emphasis on large energy projects, infrastructure, and environmental remediation. The company earned $1.02 per share in the third quarter on revenue of $3.96 billion, easily surpassing Wall Street expectations for $0.56 per share in earnings on sales of $3.89 billion.
The beat was driven by efficiency and is a tangible result of Fluor's recent streamlining campaign.
Source Fool.com
Fluor Corp. Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Fluor Corp..
With a target price of 47 € there is a slightly positive potential of 3.82% for Fluor Corp. compared to the current price of 45.27 €.