Construction Firm Misses Views But Gains $1.35 Billion From This Sale
Core Viewpoint - Fluor's stock increased despite fourth-quarter results falling short of analysts' expectations, primarily due to a significant $1.35 billion gain from the sale of its NuScale Power shares [1]. Financial Performance - Fluor reported a revenue decline of 2% to $4.175 billion, compared to analysts' consensus estimate of $4.288 billion [1]. - Adjusted earnings per share were 33 cents, reflecting a 31% decrease year-over-year [1]. Market Reaction - The stock price of Fluor rose on the day of the earnings report, indicating a positive market reaction despite the disappointing financial results [1].