Fluor Corp. (FLR) Misses Q3 EPS by 13c

Fluor Corp. (NYSE: FLR) reported Q3 EPS of $0.14, $0.13 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.92 billion.

Outlook:

Although Fluor has suspended its guidance for 2020, the company expects to report fourth quarter results and 2021 guidance to the investment community in February 2021. The company expects its cash balance to remain around $2 billion through the end of the year. COVID-19 continues to impact our business as clients are deferring capital investment decisions and the pandemic has slowed down our ability to fully staff and execute projects.

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

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