NEW YORK, June 11, 2018 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Fluor Corporation ("Fluor" or the "Company") (NYSE: FLR).
Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Fluor and certain of its officers and/or directors have engaged in securities fraud or
other unlawful business practices.
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join a class action]
On May 3, 2018, Fluor reported a quarterly net loss of $18 million
($0.13 per diluted share) and disclosed, among other financial and operating results, "an after-tax
charge of approximately $96 million, or $0.69 per diluted share, for
forecast revisions on a gas-fired power project." Additionally, the Company lowered its 2018 earnings per share guidance
from $3.10 – $3.50 per diluted share to $2.10 – $2.50 per diluted share, "due in large part to forecast revisions on a
gas-fired power project."
On this news, Fluor's share price fell $13.23, or over 22%, to close at $45.76 on May
4, 2018.
The Pomerantz Firm, with offices in New York, Chicago,
Los Angeles, and Paris, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
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SOURCE Pomerantz LLP