Fluor Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Fluor Corp. (FLR) revealed a profit for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $169 million, or $0.97 per share. This compares with $51 million, or $0.35 per share, in last year's second quarter.

Excluding items, Fluor Corp. reported adjusted earnings of $148 million or $0.85 per share for the period.

Analysts on average had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.3% to $4.227 billion from $3.939 billion last year.

Fluor Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $169 Mln. vs. $51 Mln. last year. -EPS (Q2): $0.97 vs. $0.35 last year. -Revenue (Q2): $4.227 Bln vs. $3.939 Bln last year.

-Guidance: Full year EPS guidance: $2.50 to $3.00