Fluor: Q1 Earnings Snapshot

By AAMER MADHANI

May 06, 2022

IRVING, Texas (AP) _ Fluor Corp. (FLR) on Friday reported first-quarter net income of $48 million, after reporting a loss in the same period a year earlier.

The Irving, Texas-based company said it had profit of 28 cents per share. Earnings, adjusted for non-recurring gains, came to 16 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The engineering, construction and operations company posted revenue of $3.12 billion in the period.

Fluor expects full-year earnings in the range of $1.15 to $1.40 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLR at https://www.zacks.com/ap/FLR

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