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Fluor Corp. Posts Loss In Q3

(RTTNews) - Fluor Corp. (FLR) reported a third-quarter loss per share of $5.29 compared to profit of $0.55, a year ago. The results included a non-cash charge of $546 million related to establishing a valuation allowance against net deferred-tax assets, a non-cash impairment charge of $290 million related to the COOEC-Fluor joint venture fabrication yard, Stork, and the Sacyr-Fluor joint venture in Spain, and $44 million for restructuring activities. Third-quarter revenue increased to $3.94 billion from $3.84 billion, prior year. New awards for continuing operations in the quarter were $2.6 billion.

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