Global Construction Firm Projects Earnings Increase This Year

ALISO VIEJO, CA-With revenues totaling $10 billion in 2000, Fluor Corp. believes its stock price will increase $1 per share, per quarter for the year.

By Joel Cone | Updated on March 06, 2001

ALISO VIEJO, CA-Fluor Corp., a global engineering and construction company, is projecting that its earnings for the first quarter of 2001 will range between 35 to 40 cents per share. The firm this year switched its reporting format for the fiscal year to a calendar year format.

The company’s earning projections came with a warning, however, that the short-term numbers may be influenced by a rapid increase in stock prices. The firm is required to adjust earnings up or down at the end of each quarter based on the number of stock appreciation rights owned by management and change in stock price from the previous quarter.

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