S&P 500 Stock Plunges 24% After Brutal Q1 Loss Stuns Investors

2019-5-3 22:34

By CCN: Stocks are broadly tanking today, but Fluor, Inc. , a Texas construction outfit, is leading the charge, with a roughly 24% loss by press time. The company lost 48 cents per share and announced the resignation of its 8-year CEO David Seaton.

Fluor reported quarterly losses of over $54 million, an increase of 200%, compared with this time last year. S&P 500 Company’s Earnings Report Triggers Immediate Sell-Off Fluor was the S&P 500’s worst-performing stock today, as investors couldn’t get out fast enough. For the previous five days, the stock had been trading at around $40, with low volume

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