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IRVING, Texas - On Tuesday, Fluor Corporation (NYSE:FLR) reported fourth quarter earnings that fell short of analyst expectations, with shares slipping -1.38% in response to the miss and weaker-than-anticipated guidance for the upcoming fiscal year.
The engineering and construction firm posted adjusted earnings per share of $0.48, significantly below the analyst consensus of $0.78. Revenue for the quarter came in at $4.26 billion, missing estimates of $4.48 billion and representing a decline from the same period last year.
Fluor's outlook for fiscal year 2025 also disappointed investors. The company forecasts earnings per share in the range of $2.25 to $2.75, with the midpoint of $2.50 falling well below the analyst consensus of $2.95.
The company also announced a leadership transition, with current Chief Operating Officer Jim Breuer set to take over as CEO effective May 1, 2025. Constable will transition to the role of Executive Chairman on the same date.
Fluor reported revenue of $16.3 billion for the full year 2024, maintaining its position as a major player in the engineering and construction sector. The company employs nearly 27,000 people globally and is ranked 265 on the Fortune 500 list.
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