Fluor Corp. (FLR) Misses Q1 EPS by 2c

Fluor Corp. (NYSE: FLR) reported Q1 EPS of $0.16, $0.02 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $2.79 billion.

Outlook:

Fluor reaffirms its adjusted EPS guidance of $1.15 to $1.40 per diluted share. Adjusted EPS guidance excludes entities formerly in discontinued operations and other considerations outlined in the table at the end of this release. Guidance for 2022 anticipates a substantial volume of new awards from all segments. Guidance also assumes a tax rate of 28 percent, but the company notes that this rate may vary depending on the country in which profit is generated.

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

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