Fluor Q1 2024 Adj EPS $0.47 Misses $0.54 Estimate, Sales $3.734B Miss $3.997B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation (FLR) reported Q1 2024 adjusted earnings per share (EPS) of $0.47, missing the consensus estimate of $0.54 by 12.96%. Quarterly sales were $3.734 billion, falling short of the $3.997 billion estimate by 6.59%, marking a 0.48% decrease from the same period last year.
May 03, 2024 | 10:51 am
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Fluor Corporation reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially in a quarter, indicates potential operational or market challenges. This underperformance could lead to negative investor sentiment in the short term, impacting FLR's stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100