IRVING, Texas (AP) — IRVING, Texas (AP) — Fluor Corp. (FLR) on Friday reported a loss of $107 million in its first quarter.
The Irving, Texas-based company said it had a loss of 82 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The engineering, construction and operations company posted revenue of $3.75 billion in the period.
Fluor expects full-year earnings in the range of $1.50 to $1.90 per share.
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