Fluor Q2 2024 Adj. EPS $0.85 Beats $0.68 Estimate, Sales $4.227B Miss $4.360B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluor (NYSE:FLR) reported Q2 2024 adjusted EPS of $0.85, beating the estimate of $0.68, but sales of $4.227 billion missed the $4.360 billion estimate. Sales increased by 7.31% year-over-year.
August 02, 2024 | 9:54 am
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POSITIVE IMPACT
Fluor's Q2 2024 adjusted EPS of $0.85 beat estimates by 25%, but sales of $4.227 billion missed expectations by 3.05%. Sales increased by 7.31% year-over-year.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales. The year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100