IRVING, Texas (AP) _ Fluor Corp. (FLR) on Thursday reported a first-quarter loss of $17.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Irving, Texas-based company said it had a loss of 13 cents. Earnings, adjusted for non-recurring costs, were 56 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The engineering, construction and operations company posted revenue of $4.82 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.84 billion.
Fluor expects full-year earnings to be $2.10 to $2.50 per share.
Fluor shares have climbed 14 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 2 percent. In the final minutes of trading on Thursday, shares hit $59, an increase of 14 percent in the last 12 months.
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