Fluor Sees Profit Meeting Expectations
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After warning earlier of lower results than expected for the fourth quarter, Fluor Corp. said it expects profit next year to meet analysts’ expectations.
Aliso Viejo-based Fluor, the largest publicly traded engineering and construction company, said it expects to earn $2.10 to $2.20 a share, in line with estimates of analysts surveyed by Thomson Financial/First Call.
Fluor said last month that its profit for the fourth quarter and 2001 would be less than analysts had forecast because of a slowdown in the mining and telecommunications industries. The company expects to earn $1.76 to $1.86 a share this year.
Fluor closed at $37.71, down $1.08 a share, on the New York Stock Exchange.
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