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Fluor Fires Up, Doubles Net Income

Posted on August 20, 2008

On Monday, August 11 after-hours, Fluor Corp. (FLR) reported $209.3 million or $1.13 per share, an increase of 119%. A year earlier, FLR reported net income of $95.6 million or $0.53 per share. These results included a gain of $79 million or $0.26 per share from the sale of its joint interest in the Greater Gabbard Offshore Wind Farm. Every unit posted positive growth, while operating margins rose 6.8%. Analysts were expecting $0.82 per share, effectively beating estimates. After-hours, shares rose 6% to $81. However, on Tuesday, August 12, shares of FLR gapped up to $80.74, sold off strongly ...

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wind , wind farm