Fluor Corp. (FLR) Misses Q2 EPS by 77c, Miss on Revenues; Slashes FY17 EPS Guidance Well Below Estimates

Fluor Corp. (NYSE: FLR) reported Q2 EPS of ($0.17), $0.77 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $4.72 billion versus the consensus estimate of $4.89 billion.

Outlook

As a result of the charge in Industrial, Infrastructure & Power, and, to a lesser extent the wind down of the V.C. Summer Nuclear Station project, the Company is revising its 2017 guidance for EPS to a range of $1.40 to $1.70 per diluted share, from the previous range of $2.25 to $2.75 per diluted share.

GUIDANCE:

Fluor Corp. sees FY2017 EPS of $1.40-$1.70, versus the consensus of $2.43.

For earnings history and earnings-related data on Fluor Corp. (FLR) click here.

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