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FLR Slips on Analyst Comment

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March 16, 2009 |Comments: 0
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FLR

According to the AP, an analyst at Jefferies & Company announced that customers of Fluor Corporation (FLR) are cutting back in the recession, sending shares lower by more than 7% Monday.

However, the analyst also said that the company could surpass expectations for this year. FLR has a good record for beating Wall Street's quarterly earnings expectations, having put together an average surprise of almost 13% over the past 4 quarters.

The consensus estimate for this year is down to $3.76 from $3.84 over the past 2 months.

FLR is currently a Zacks #3 Rank ("Hold") company.

Read the full analyst report on FLR

 
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