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Fluor announced 3Q results

Fluor Corporation announced financial results for its third quarter ended September 30, 2006. Revenues for the third quarter were $3.4 billion, essentially level with $3.4 billion in the third quarter of 2005, which included $294 million from the resolution of claims on the Hamaca project in Venezuela. Net earnings for the quarter were $27 million, or $0.31 per diluted share, compared with earnings of $131 million, or $1.51 per diluted share for the same period last year. Operating profits for the quarter were $47 million, after recognizing loss provisions of $168 million on a number of fixed price projects in the Government and Industrial & Infrastructure segments.



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