Thieler Law Corp advises investors with losses exceeding $100,000 of the July 24, 2018 lead plaintiff deadline in a class action lawsuit filed against Fluor Corporation (NYSE: FLR) (“Fluor” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Fluor Corporation securities between August 14, 2013 and May 3, 2018, have until July 24, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Fluor Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Fluor’s bidding process for gas-fired power projects was flawed; Fluor had improperly estimated the gas-fired projects; consequently, Fluor would face craft productivity, equipment, and other execution issues; Fluor would incur multiple charges impacting quarterly results; Fluor would ultimately decide to discontinue the pursuit of the gas-fired power market; and as a result, defendants’ statements about Fluor’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On May 3, 2018, the Company revealed its quarterly net loss of $18 million and revealed, 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."  Furthermore, 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."

Following this news, NYSE: FLR fell $13.23, or over 22%, to close at $45.76 on May 4, 2018.

If you were negatively impacted by your investment in Fluor Corporation securities between August 14, 2013 and May 3, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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