Fluor Stock Tanks on Earnings Miss. There's Good Reason Not to Panic.
Portfolio Pulse from
Fluor Corporation's stock declined after reporting lower-than-expected earnings. The company announced adjusted earnings per share of 51 cents on sales of $4.1 billion, missing Wall Street's expectations of 76 cents per share and $4.7 billion in sales.
November 08, 2024 | 1:00 pm
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Fluor Corporation's stock fell due to an earnings miss. The company reported adjusted EPS of 51 cents and sales of $4.1 billion, below Wall Street's expectations of 76 cents EPS and $4.7 billion in sales.
The significant miss on both earnings per share and sales compared to Wall Street expectations is likely to negatively impact Fluor's stock price in the short term. Investors often react to such discrepancies with sell-offs, leading to a decline in stock value.
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IMPORTANCE 80
RELEVANCE 100