Why Fluor Stock Is Climbing Higher Today
Construction and engineering giant Fluor (NYSE: FLR) saw its shares fall back in March, after the company sold off its South American operations and tried to wait out a couple of legacy projects that were eating into returns. Judging by the latest results, the company has succeeded in getting back on track.
Shares of Fluor gained more than 15% on Friday after the company easily surpassed Wall Street expectations for the quarter and upped its full-year guidance.
Fluor provides engineering and construction services for large customers. The company earned $0.76 per share in the second quarter on revenue of $3.94 billion, topping the consensus estimate of $0.43 per share on $3.6 billion in revenue.
Source Fool.com
Fluor Corp. Stock
€38.18
0.030%
With 21 Buy predictions and not a single Sell prediction Fluor Corp. is an absolute favorite of our community.
With a target price of 47 € there is a positive potential of 23.1% for Fluor Corp. compared to the current price of 38.18 €.
