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Fluor Profit Jumps; Firm Raises Outlook

Engineering and construction company Fluor posted a jump in second-quarter profit, boosted by an asset sale and strong demand from the energy sector, and increased its full-year profit forecast.

Shares of the company jumped more than 5 percent in extended trading Monday.

Net earnings rose to $209 million, or $1.13 per share, from $96 million, or 53 cents per share, in the year-ago quarter.

Operating profit more than doubled to $392 million.