Fluor Corporation (NEW) (FLR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.84. The company posted revenue of $4423.90 million in the period, compared to analysts expectations of $4452.86 million. The company’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.
Many Wall Street Analysts have commented on Fluor Corporation (NEW). Shares were Downgraded by FBR Capital on Feb 19, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 46 from a previous price target of $57 .
Fluor Corporation (NEW) closed down -0.77 points or -1.40% at $54.22 with 11,49,801 shares getting traded on Wednesday. Post opening the session at $54.82, the shares hit an intraday low of $54.01 and an intraday high of $55.09 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 26, 2015, Deborah D Mcwhinney (director) purchased 2,352 shares at $42.50 per share price. According to the SEC, on Mar 11, 2015, Gary G. Smalley (Sr Vice Pres and Controller) sold 3,883 shares at $57.27 per share price.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering procurement construction fabrication and modularization commissioning and maintenance as well as project management services. It operates in five segments: Oil & Gas Industrial & Infrastructure Government Global Services and Power. Through its Oil & Gas segment Fluor serves the oil and gas production processing and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design engineering procurement construction operations and maintenance and project management services. The Government segment is a provider of engineering construction logistics and environmental and nuclear services among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment it provides a range of services to the gas-fueled and solid-fueled markets among others.