Fluor reported a Q1 FY2024 revenue decline of 0.5%, missing consensus. Sales by segment: Energy, Urban, Mission, and Others. Adjusted EPS at $0.47. Total new awards of $7.02B. 2024 outlook reaffirmed.
Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report.
Fluor Corporation (NYSE:FLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States. Fluor will recognize the undisclosed value
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.