Fluor’s (FLR) Cryptocurrency Plummets Following Q1 Earnings and Revenue Shortfall

• Fluor Corporation (FLR) reported lower than expected earnings and revenues for the first quarter of 2024, despite an increase in earnings year-over-year.
• The company’s shares declined by 6.4% following the announcement, with lower contributions from the Energy and Mission Solutions segments contributing to the downturn.
• However, solid contributions from Urban Solutions and growth in new awards and backlog value indicate potential for future growth.

Fluor Corporation reports lower than expected Q1 2024 earnings and revenues, despite year-over-year increase in earnings. Shares decline, but future growth prospects remain.

Q1 2024 Earnings Report

Fluor Corporation reported adjusted earnings per share (EPS) of 47 cents, missing the Zacks Consensus Estimate of 54 cents by 13%. Thi... Read the full article for FREE at COINOTAG!