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NEW YORK - Shares of Fluor Corp. could trade higher Tuesday after the engineering and construction contractor said its first-quarter profit blew past Wall Street estimates.
The Irving, Tex., company said late Monday it earned $1.50 per share in the first quarter, up from 94 cents per share a year ago. It was also awarded $5.7 billion in new projects, a 28 percent increase from the year-ago quarter.
Meanwhile, shares of China's LDK Solar Co. could fall after the solar wafer maker posted a first-quarter profit only slightly higher than last year and warned of rising tax rates.
LDK Solar said late Monday its income rose a penny to 45 cents per share, ahead of Wall Street estimates. But it said one of its Chinese subsidiaries is now subject to a 12.5 percent tax rate following two years of exemptions.
And software maker Nuance Communications posted a wider fiscal second-quarter loss Monday due to several large one-time charges, which could pressure shares.
The Burlington, Mass., company said its loss grew to 13 cents per share from a penny per share in the quarter last year on hefty charges related to acquisitions and noncash assets.
The new chief executive of Royal Dutch Shell Plc faces the tallest order in Euro...
SpongeTech® Delivery Systems, Inc., the designer, producer and marketer of unique lines of reusable cleaning products for car care, child care, h...
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