Fluor Tightens FY23 Adjusted EBITDA Guidance From $450M-$600M To $500M-$600M
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation (FLR) has revised its FY23 Adjusted EBITDA guidance from a range of $450M-$600M to a narrower range of $500M-$600M.
August 04, 2023 | 2:59 pm
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Fluor Corporation has updated its FY23 Adjusted EBITDA guidance, indicating a potential increase in earnings.
Fluor Corporation's decision to raise the lower limit of its FY23 Adjusted EBITDA guidance suggests that the company is expecting higher earnings than previously anticipated. This could be due to a variety of factors, such as increased operational efficiency or higher demand for its services. This news is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
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