Investor expectations regarding Fluor were already running high after the company struck a massive deal last week. Friday morning, Fluor 's (NYSE: FLR) third-quarter numbers didn't just crush Wall Street estimates; the company also upped its full-year guidance yet again, giving investors one more reason to bet big on the infrastructure stock . Fluor shares were up almost 12.7% as of 11:55 a.m. EDT Friday.
Here are some notable numbers from Fluor's third-quarter earnings report (all changes year over year) released the morning of Nov. 5:
As an engineering and construction services company, Fluor's revenue growth potential depends entirely on the number of contracts it can secure. The COVID-19 pandemic hit the company really hard, especially when oil prices crashed . Fluor serves multiple sectors and industries, but energy and chemicals are its largest end market.
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Why This Infrastructure Stock Popped More Than 10% Friday