Fluor Stock Soars As Q2 Results Surpass Street Estimates, Raises FY23 Guidance
Portfolio Pulse from Akanksha Bakshi
Fluor Corp (NYSE:FLR) reported a Q2 FY23 revenue growth of 19.4% YoY to $3.94 billion, surpassing the consensus of $3.61 billion. The company also raised its FY23 guidance based on strong performance of its non-legacy portfolio. Adjusted EPS improved to $0.76 from $0.15 in 2Q22, beating the consensus of $0.36. FLR shares traded higher by 16.2% at $36.13 on the last check Friday.
August 04, 2023 | 3:39 pm
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Fluor Corp's Q2 FY23 results surpassed estimates, leading to a 16.2% increase in stock price. The company also raised its FY23 guidance.
Fluor Corp reported strong Q2 FY23 results, beating revenue and EPS estimates. This positive news, along with the raised FY23 guidance, has led to increased investor confidence, reflected in the 16.2% increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100