FLR - Why Fluor Stock Is Climbing Higher Today
2023-08-04 16:10:00 ET
Construction and engineering giant Fluor (NYSE: FLR) saw its shares fall back in March, after the company sold off its South American operations and tried to wait out a couple of legacy projects that were eating into returns. Judging by the latest results, the company has succeeded in getting back on track.
Shares of Fluor gained more than 15% on Friday after the company easily surpassed Wall Street expectations for the quarter and upped its full-year guidance.
Fluor provides engineering and construction services for large customers. The company earned $0.76 per share in the second quarter on revenue of $3.94 billion, topping the consensus estimate of $0.43 per share on $3.6 billion in revenue.
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Why Fluor Stock Is Climbing Higher Today