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Why Fluor Stock Tanked by Almost 14% Today
FLRFluor(FLR) The Motley Fool·2024-11-08 23:20

A double miss on quarterly results sent investors heading for the exit lane. Veteran engineering and industrial conglomerate Fluor (FLR -13.57%) couldn't engineer good news for its shareholders on Friday. That morning the company unveiled its latest set of quarterly figures, and the market just didn't like the looks of them. Fluor's share price fell by nearly 14%, on a day when the benchmark S&P 500 index was in the black with a 0.3% increase. Disappointing third-quarter fundamentals Fluor divulged that its ...