Why Fluor Stock Tanked by Almost 14% Today

06:20pm, Friday, 08'th Nov 2024
A double miss on quarterly results sent investors heading for the exit lane.
FLR's third-quarter 2024 results reflect lower-than-expected contributions from the Energy Solutions segment.
Fluor Corporation (NYSE:FLR ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants David Constable - Chairman & CEO Joe Brennan - CFO Jim Breuer - COO Jason Landkamer - He

US Stocks Mixed; Fluor Earnings Miss Views

09:54am, Friday, 08'th Nov 2024
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.2% on Friday.
Fluor (FLR) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.
Fluor reports adjusted earnings per share of 51 cents from sales of $4.1 billion. Wall Street was looking for 76 cents and $4.7 billion, respectively.
Fluor misses revenue expectations by the widest margin in five years, will deconsolidate NuScale, and the stock tumbles.

Fluor Reports Third Quarter 2024 Results

05:50am, Friday, 08'th Nov 2024
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its third quarter ended September 30, 2024. Revenue for the quarter was $4.1 billion and net earnings attr
Strong demand from chemicals, fuel production, mining, and metals markets and increasing global energy demand are expected to have contributed to FLR's third-quarter performance.
Fluor Corporation is expected to have a strong finish to 2024, with positive momentum continuing into 2025. The company benefits from a steady flow of new contract awards, bolstering its positive outl
FLR is set to benefit from the approval of its new award, the Hanford Integrated Tank Disposition Contract, from the DOE.
IRVING, Texas--(BUSINESS WIRE)-- #FluorBuildsABetterWorld--Fluor Joint Venture Receives Notice to Proceed on Hanford Integrated Tank Disposition Contract.
Fluor (FLR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Best Value Stocks to Buy for October 2nd

05:46am, Wednesday, 02'nd Oct 2024
BRFS, CF, and FLR made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 2, 2024.
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its third quarter ended September 30, 2024. The public is invited to listen to the confe
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