Fluor Expects No Material Earnings Effect During 2023 Due To SEC Settlement
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation has established reserves sufficient to fund the SEC settlement during 2022 and expects no material earnings effect during 2023.
September 06, 2023 | 9:15 pm
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NEUTRAL IMPACT
Fluor Corporation has established sufficient reserves for the SEC settlement in 2022, which is not expected to materially impact earnings in 2023.
The company has already set aside enough funds to cover the SEC settlement, which means it has effectively managed its financial risk. This is not expected to have a significant impact on the company's earnings in 2023, indicating stable financial management and forecasting. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100