ADVFN - Advanced Financial Network.
HOME» NYSE » F » FLR Stock Price » FLR Stock News

Fluor Share News

 Fluor (new) Stock Price
FLR Stock Price
 Fluor (new) Stock Chart
FLR Stock Chart
 Fluor (new) Stock News
FLR Stock News
 Fluor (new) Company Information
FLR Company Information
 Fluor (new) Stock Trades
FLR Stock Trades

Fluor 4Q Net Up 31% As Revenue Rises

DOW JONES NEWSWIRES Fluor Corp.'s (FLR) fourth-quarter profit rose 31% as the engineering and construction company reported higher revenue, led by gains in its industrial and infrastructure segment. Fluor, the largest publicly traded engineering and construction company in the U.S., has posted improved bottom-line results over the past year amid higher sales and strength in its industrial-and-infrastructure unit. The company has also recorded record high new project awards and backlog in recent quarters. However, in the latest period, new awards fell 40% from the prior year and 37% from the third quarter. Backlog ended the quarter at $39.48 billion, from the prior quarter's record $41.83 billion. The company's industrial-and-infrastructure segment--lately Fluor's biggest by revenue--swung to a profit from a year-ago loss as its revenue increased 65%. The unit's revenue has been a pillar of support for Fluor in recent quarters, as the once-dominant oil-and-gas segment has dragged. Profit was down 9.3% in the oil-and-gas business in the latest quarter while the unit's revenue edged up 0.9%. Overall, Fluor posted a profit of $153.1 million, or 90 cents a share, up from $117.1 million, or 65 cents a share, a year ago. Revenue increased 19% to $6.25 billion. Analysts surveyed by Thomson Reuters expected earnings of 82 cents a share on revenue of $6.38 billion. In November, Fluor said it struck an agreement with nuclear alliance GE Hitachi Nuclear Energy to pursue a potential new nuclear power plant project in Finland. Shares of the company, which reaffirmed its full-year guidance, closed at $60.36 Wednesday and were unchanged after hours. Through the close, the stock is up 20% so far this year. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Fluor (FLR)
DateTimeHeadline
05/28/201516:09:00Fluor-Led Joint Venture Selected as Preferred Bidder for Bergstrom...
05/28/201509:00:00Fluor to Present at Credit Suisse Engineering & Construction...
05/27/201502:20:00Fluor fête la cérémonie de lancement de projet pour l’usine de f...
05/26/201516:48:00Fluor Celebrates Project Initiation Ceremony of Hexcel’s Carbon F...
05/20/201512:15:10What Is the S&P 500 Index?
05/11/201517:01:58Statement of Changes in Beneficial Ownership (4)
05/11/201517:01:31Statement of Changes in Beneficial Ownership (4)
05/11/201516:59:23Statement of Changes in Beneficial Ownership (4)
05/11/201516:58:04Statement of Changes in Beneficial Ownership (4)
05/11/201514:13:06Statement of Changes in Beneficial Ownership (4)
05/08/201506:22:00Consórcio Fluor obtém contrato de engenharia, aquisição e con...
05/07/201517:00:00Fluor Consortium Awarded Engineering, Procurement and Construction...
05/05/201518:24:34Statement of Changes in Beneficial Ownership (4)
05/05/201517:53:40Statement of Changes in Beneficial Ownership (4)
05/05/201517:50:12Statement of Changes in Beneficial Ownership (4)
05/05/201517:44:48Statement of Changes in Beneficial Ownership (4)
05/05/201517:42:13Statement of Changes in Beneficial Ownership (4)
05/05/201517:38:11Statement of Changes in Beneficial Ownership (4)
05/05/201517:35:28Statement of Changes in Beneficial Ownership (4)
05/05/201517:32:52Statement of Changes in Beneficial Ownership (4)

Fluor and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad