Fluor Q3 Profit Rises

(RTTNews) - Fluor Corp. (FLR) Thursday reported third-quarter net income of $173.0 million or $1.05 per share, compared to $144.6 million or $0.86 per share last year.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit of $1.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter dropped to $6.68 billion from $7.14 billion last year. Analysts estimated revenues of $7.22 billion for the quarter.

The company narrowed its earnings for 2013 to a range of $3.90 to $4.10 per share, from the previous range of $3.85 to $4.20 per share. Analysts currently estimate earnings of $4.08 per share for the year.

For 2014, the company expects earnings of $4.10 to $4.60 per share. Analysts currently estimate earnings of $4.60 per share.