Fluor Corp. Q3 Profit Decreases, Misses Estimates

Fluor

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Kaufen / Verkaufen

(RTTNews) - Fluor Corp. (FLR) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $54 million, or $0.31 per share. This compares with $169 million, or $1.15 per share, in last year's third quarter.

Excluding items, Fluor Corp. reported adjusted earnings of $89 million or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $4.094 billion from $3.963 billion last year.

Fluor Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $54 Mln. vs. $169 Mln. last year. -EPS (Q3): $0.31 vs. $1.15 last year. -Revenue (Q3): $4.094 Bln vs. $3.963 Bln last year.

-Guidance: Full year EPS guidance: $2.55 to $2.75