Fluor Corp. Q3 Earnings Miss the Mark; Guidance Weak; Shares Plunge (FLR)


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Engineering and construction services provider Fluor Corporation ( FLR ) late Thursday posted disappointing earnings numbers and issued weak 2013 guidance, sending its shares lower in aftermarket trading.

The Irving, TX-based company reported third quarter net income of $144.6 million, or 86 cents per share, compared with $135.4 million, or 78 cents per share, in the year-ago period.

Revenue rose 18% from last year to $7.14 billion.

On average, Wall Street analysts expected a much higher profit of 97 cents per share, on larger revenue of $7.17 billion.

Looking ahead, FLR forecast 2013 earnings to range from $3.85 to $4.35 per share, which would fall short of analysts' view of $4.40 per share for the year.

Flour shares fell $2.56, or -4.4%, in premarket trading Friday.

Fluor Corporation ( FLR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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