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Fluor's Q1 Adjusted Earnings Increase, Revenue Declines

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Fluor's Q1 Adjusted Earnings Increase, Revenue Declines

May 3, 2024 4:59 AM

07:36 AM EDT, 05/03/2024 (MT Newswires) -- Fluor (FLR) reported Q1 adjusted earnings Friday of $0.47 per diluted share, up from $0.28 a year earlier.

Analysts polled by Capital IQ expected $0.53.

Revenue for the quarter ended March 31 was $3.73 billion, compared with $3.75 billion a year earlier.

Analysts surveyed by Capital IQ expected $4 billion.

The company continues to expect full-year 2024 adjusted earnings of $2.50 to $3 per diluted share. Analysts polled by Capital IQ expect $2.80.

The company's share price was down more than 7% during pre-market activity.

Price: 38.10, Change: -3.14, Percent Change: -7.61

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