Fluor Corp. (FLR) Misses Q1 EPS by 90c, Revenue Beats, Lowers FY EPS Guidance

Fluor Corp. (NYSE: FLR) reported Q1 EPS of ($0.13), $0.90 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.72 billion.

• Results for the quarter include an after-tax charge of approximately $96 million, or $0.69 per diluted share, for forecast revisions on a gas-fired power project.

GUIDANCE:

Fluor Corp. sees FY2018 EPS of $2.10-$2.50, versus the consensus of $3.30.

• The company is revising its 2018 guidance for EPS to a range of $2.10 to $2.50 per diluted share, from the previous range of $3.10 to $3.50 per diluted share, due in large part to forecast revisions on a gas-fired power project.

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

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