Fluor net profit hit by charge, but oil and gas work rises
Aug 1 (Reuters) - Fluor Corp, the largest publicly traded U.S. engineering company, reported on Thursday a quarterly net profit unchanged from a year before, as growth in oil and gas work was offset by a charge related to a legal ruling.
Second-quarter net profit was $161 million, or 98 cents per share, compared with $161 million, or 95 cents per share, in the year-earlier period. The company booked a $17 million charge for a court ruling on claims over work on an embassy in Haiti.
As a result of that and a weaker outlook on mining, Fluor cut the upper end of its full-year profit per share forecast by 15 cents per share, bringing the range down to $3.85 to $4.20.