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Stock Market & Financial Investment News

News Breaks
February 17, 2014
17:16 EDTFLRFluor says joint venture team selected for fuels project in Kuwait
Fluor announced its joint venture team was selected by Kuwait National Petroleum Company as the preferred bidder to design, construct and commission the Mina Abdullah Package 2 Clean Fuels Project in southern Kuwait. Fluor expects to book its undisclosed portion of the project value in Q1. For the lump-sum, turnkey project, Fluor will provide engineering, procurement, construction (EPC) services as well as the associated commissioning, start-up and testing support.
News For FLR From The Last 14 Days
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July 31, 2015
10:02 EDTFLROn The Fly: Analyst Downgrade Summary
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07:27 EDTFLRFluor downgraded to Neutral from Buy at UBS
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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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