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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:46 EDTICA, FLRICA Fluor to build $743M gas pipeline in Mexico
Fluor Corporation announced that its ICA Fluor joint venture with Empresas ICA, S.A.B. de C.V. (ICA) signed a contract with TAG Pipelines Sur S. de R.L. de C.V. for the construction of the 1.42 billion cubic feet per day capacity Ramones II Sur Gas Pipeline through the states of San Luis Potosí, Querétaro and Guanajuato in Mexico. TAG Pipelines Sur is a joint venture between Mexico Power and Gas Ventures B.V., a wholly owned subsidiary of GDF Suez, P.M.I. Holdings B.V. and TAG Pipelines S. de R.L. de C.V., an affiliate of Mexgas Supply and Mexgas Enterprises. Fluor booked its $357M portion of the contract value in the first quarter of 2014. ICA Fluor will be responsible for the engineering, procurement, construction, testing, commissioning and start-up services of a 291.7-kilometer-long, 42-inch diameter pipeline with one compression station, located in the southern portion of the Los Ramones Phase II gas transportation system. The system will be completed in the second quarter of 2016.
News For FLR;ICA From The Last 14 Days
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July 30, 2015
17:23 EDTFLRFluor files automatic mixed securities shelf
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16:51 EDTFLRFluor, Sacyr form joint venture in Spain
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16:30 EDTFLRFluor lowers 2015 EPS outlook to $4.05-$4.35 from $4.40-$5.00
Consensus $4.41. Fluor said, "The company continues to win and execute on numerous front-end engineering awards, particularly in oil and gas, and is encouraged by the positive comments from clients in regards to our strategy. However, relatively low new awards this year and delays in the full release of major projects due to the volatility mentioned above are placing pressure on expected results for 2015. Taking into consideration these factors and their impact on all of our business segments, the company is reducing its 2015 guidance range of $4.40 to $5.00 per diluted share to $4.05 to $4.35 per diluted share. This guidance excludes the effects of the previously announced termination and settlement of Fluor’s U.S. defined benefit pension plan which is expected in the latter part of 2015."
16:30 EDTFLRFluor reports Q2 EPS $1.00, consensus $1.05
Reports Q2 revenue $4.81B, consensus $5.01B. Cites "reductions in project execution activities in the Industrial & Infrastructure segment" for revenue decline. Reports new awards for the quarter were $4.3B.
July 24, 2015
08:33 EDTFLRTutor Perini names Gary Smalley executive VP, CFO
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July 22, 2015
16:19 EDTFLRFluor awarded five-year services contract for Luminant nuclear power plant
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