Fluor Q1 Results Miss Estimates; Backs FY15 Earnings View

(RTTNews) - Fluor Corp. (FLR) reported net income for the first quarter of $144 million or $0.96 per share, compared to $149 million or $0.92 per share for the year-ago quarter.

Revenue for the first quarter fell to $4.55 billion from $5.38 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.98 per share on revenue of $5.35 billion for the first quarter.

New awards for the first quarter were $4.4 billion, including $2.9 billion in Oil & Gas and $1.4 billion in Industrial & Infrastructure. Consolidated backlog at the end of the first quarter was $41.2 billion, up from $40.2 billion a year ago.

The company maintained its 2015 earnings guidance range of $4.40 to $5.00 per share. Analysts currently expect the company to earn $4.49 per share for the full year 2015.