Fluor Corp. Q2 Earnings Drop 31%

(RTTNews) - Fluor Corp. (FLR) released a profit for second quarter that fell compared to the same period last year.

The company said its bottom line came in at $101.8 million, or $0.73 per share. This was down from $148.5 million, or $1.00 per share, in last year's second quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.0% to $4.86 billion. This was up from $4.81 billion last year.

Fluor Corp. earnings at a glance:

-Earnings (Q2): $101.8 Mln. vs. $148.5 Mln. last year. -Earnings Decline (Y-o-Y): -31.4% -EPS (Q2): $0.73 vs. $1.00 last year. -EPS Decline (Y-o-Y): -27.0% -Analysts Estimate: $0.88 -Revenue (Q2): $4.86 Bln vs. $4.81 Bln last year. -Revenue Change (Y-o-Y): 1.0%

-Guidance: Full year EPS guidance: $3.25 to $3.50