Fluor Q1 Profit Declines

(RTTNews) - Fluor Corporation (FLR) Thursday reported first-quarter net earnings attributable to the company of $149.1 million or $0.92 per share, compared to $166.5 million or $1.02 per share in the same period last year.

On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.97 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $5.38 billion from $7.19 billion last year. Analysts expected revenues of $6.42 billion.

Looking ahead to the fiscal 2014, the company now expects earnings in the range of $4.10 to $4.45 per share. Analysts currently expect full-year earnings of $4.40 per share.

Earlier, the company expected earnings in the range of $4.10 per share to $4.60 per share.