Why Fluor Stock Is Soaring Higher Today
Engineering and construction company (NYSE: FLR) easily beat quarterly expectations, and the company is optimistic about what the future holds. Investors are rallying into the shares, sending the stock up about 10% as of 11:00 Eastern on Friday.
Fluor is one of the world's largest construction and engineering companies, with an emphasis on large energy projects, infrastructure, and environmental remediation. The company earned $1.02 per share in the third quarter on revenue of $3.96 billion, easily surpassing Wall Street expectations for $0.56 per share in earnings on sales of $3.89 billion.
The beat was driven by efficiency and is a tangible result of Fluor's recent streamlining campaign.
Source Fool.com
Fluor Corp. Stock
€43.00
-1.440%
Fluor Corp. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 11.63% compared to the current price of 43.0 € for Fluor Corp..
