1 Green Flag for Fluor Stock Right Now

Fluor (NYSE: FLR) published its second-quarter results at the beginning of August, and performance for the period came in significantly below the average Wall Street analyst estimate. The engineering and construction specialist posted non-GAAP (adjusted) earnings per share of $0.43 on revenue of $3.98 billion in the period, falling short of the consensus target's call for per-share earnings of $0.56 on sales of roughly $4.7 billion. Revenue unexpectedly fell 6% year over year in the period. Fluor stock saw a big sell-off in conjunction with the weaker-than-expected Q2 print, and its share price is down roughly 23.5% across August's trading as of this writing. While Fluor has seen a huge valuation pullback this month, there's also a positive sign for the company.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool