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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:47 EDTFLRFluor receives adverse ruling on Greater Gabbard project
Fluor announced that the company received an adverse decision from an arbitration panel regarding its claims for additional compensation related to the Greater Gabbard Offshore Wind Farm Project. Through its claims, the company sought to recover compensation for schedule and cost impacts arising from delays, disruption and productivity issues which the company believes were attributable to the client and other third parties. As a result of the decision, Fluor expects to record a pre-tax charge of approximately $400M in Q4, which was not considered in its most recent earnings guidance for 2012. With the project substantially complete, the decision is not expected to have a material adverse impact on cash flow.
News For FLR From The Last 14 Days
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February 25, 2015
16:28 EDTFLRFluor wins natural gas development contract in Brazil
Fluor's CFPS Engenharia e Projetos, S.A., consortium with Construcap Engenharia e Comércio was awarded an engineering and design contract by exploration and production company Parnaíba Gás Natural for a natural gas field development project in the Parnaiba Basin in Maranhão state in Brazil. Fluor booked its share of the contract for an undisclosed value in Q1.
February 19, 2015
09:31 EDTFLRFluor reported 'impressive' results, says Sterne Agee
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February 18, 2015
15:35 EDTFLRNotable companies reporting after market close
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07:32 EDTFLRFluor expands FY15 EPS view to $4.40-$5.00, consensus $4.62
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07:31 EDTFLRFluor reports Q4 continuing ops EPS $1.41, consensus $1.10
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February 17, 2015
08:21 EDTFLRFluor price target lowered to $74 from $83 at UBS
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