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Strategies & Market Trends : Dividend investing for retirement

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To: Ditchdigger who wrote (31109)	5/2/2019 1:44:43 PM
From: E_K_S	Read Replies (1) of 34328

Fluor tanks ~15% on large Q1 earnings miss, CEO transition and lower EPS outlook Fluor (NYSE: FLR) down 14.5% in pre-market as the company says that Q1net loss of $58M was negatively impacted by $39M as a result of restructuring charges, foreign exchange losses and related tax impacts; net loss adjusted basis was $19M. Lowers 2019 EPS guidance to $1.50 to $2.00 from $2.50 to $3.00 (compared to $2.76 consensus). Revenues declined 13% Y/Y to $4.2B, due to lower sales across segments except, Mining, Industrial, Infrastructure & Power that benefited from increased project execution activities in mining & metals Sales by segment: Energy & Chemicals: $1.5B (-24%); Mining, Industrial, Infrastructure & Power: $1.4B (+52%); Government: $785M (-41%); Diversified Services: $550M (-15%) Also, David Seaton has stepped down as CEO after serving the company for 34 years, effective May 1, 2019. --------------------------------------------------------------- FLR off as much as 25% on their earnings/news. I like this at $24.00/share or lower. Good infrastructure play and would be 3.7% yield on their dividend. Maybe new CEO will have one or more quarters of kitchen sink cleaning and we get a sell off to my Buy price. On my watch list. EKS

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