10 Stocks Kick Off Trading Week With Losses

8. Fluor Corporation (NYSE:FLR)

Fluor Corporation (NYSE:FLR) fell for the fifth consecutive day on Tuesday, losing another 8.41 percent to finish at $39.75 apiece as investors sold off positions, shunning the company’s strong earnings performance last year, and instead focusing on its inability to meet analyst expectations.

In the past quarter, FLR said it achieved $1.86 billion in net income attributable to the company, reversing a net loss of $21 million in the same period last year, as revenues increased 11.5 percent to $4.26 billion from $3.82 billion. Revenue figures, however, fell short of the $4.48 billion forecast.

Meanwhile, FLR saw net income attributable to the company expand by 1,443 percent to $2.145 billion from $139 million in 2023, as revenues inched up by 5 percent to $16.3 billion from $15.47 billion year-on-year.

Earnings per share stood at 48 cents, falling short of the 78-cent consensus.