Fluor Corp. (FLR) announced a significant increase in its second-quarter profit compared to the previous year, surpassing Wall Street expectations.
The company reported earnings of $169 million, or $0.97 per share, up from $51 million, or $0.35 per share, in the same quarter last year.
Excluding special items, Fluor Corp. posted adjusted earnings of $148 million, or $0.85 per share, for the period.
Analysts, on average, anticipated the company to earn $0.68 per share, according to data compiled by Thomson Reuters. Analysts' estimates usually exclude special items.
Revenue for the quarter climbed by 7.3% to $4.227 billion, compared to $3.939 billion a year ago.
Key financial highlights (GAAP) for Fluor Corp. are as follows:
- Earnings (Q2): $169 million vs. $51 million last year.
- EPS (Q2): $0.97 vs. $0.35 last year.
- Revenue (Q2): $4.227 billion vs. $3.939 billion last year.
**Guidance**: The company has provided a full-year EPS guidance of $2.50 to $3.00.
