Why Fluor Stock Flopped Today
Fluor (FLR -8.41%) published its final earnings report for 2024 on Tuesday, and investors reacted by trading the company's stock down aggressively. This resulted in a nearly 9% share-price erosion on the day, a performance that was notably worse than the 0.2% gain of the bellwether S&P 500 index.Headline numbers going in different directionsFluor's fourth quarter of that year saw the engineering and construction conglomerate earn $4.26 billion, 11% higher than in the same period of 2023. Going in the other ...