Fluor Corporation (NEW) (FLR) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Fluor Corporation (NEW) (FLR) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.72 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.88. The company posted revenue of $4856.10 million in the period, compared to analysts expectations of $4733.48 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Fluor Corporation (NEW). Fluor Corporation (NEW) was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.

Fluor Corporation (NEW) closed down -0.2 points or -0.38% at $52.84 with 11,28,595 shares getting traded on Tusday. Post opening the session at $52.89, the shares hit an intraday low of $52.17 and an intraday high of $52.91 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.

Fluor Corporation (NEW)

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