Reports Q3 revenue $4.09B, consensus $4.74B. “I’m pleased that we are starting to see a robust and sustainable generation of cash that will drive our capital allocation plans,” said David E. Constable, chairman and chief executive officer of Fluor (FLR). “While earnings in the quarter were less than planned due, in part, to certain project delays and cancellations, it does not change our focus on pursuing demand-driven growth opportunities in the markets we serve and on returning cash to shareholders.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FLR:
- Fluor price target raised to $64 from $57 at KeyBanc
- FLR Earnings this Week: How Will it Perform?
- Walmart initiated, Uber upgraded: Wall Street’s top analyst calls
- Citi upgrades Fluor to Buy on better execution, backlog
- Fluor upgraded to Buy from Neutral at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.