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Fluor Corporation (NEW) (NYSE:FLR) reported a third-quarter profit of $162 million, or 89 cents a share, down from $182 million, or $1 a share, a year ago. Revenue fell 4% to $5.4 billion. Analysts polled by FactSet Research were looking for earnings, on average, of 90 cents a share on sales of $5.5 billion. For the full year, the engineering and construction giant said it expects to report a profit in a range of $3.75 to $3.90 a share. Wall Street previously forecast a 2009 profit of $3.86 a share. Separately, Fluor appointed David Seaton to the newly created position of chief operating officer.
Electronic Arts Inc. (NASDAQ:ERTS) said its net loss grew in the second fiscal quarter as sales of its video-game titles declined from the same period last year, though the results beat Wall Street's expectations. For the quarter ended Sept. 30, EA reported a net loss of $391 million, or $1.21 a share, compared to a loss of $310 million, or 97 cents a share, for the same period last year. Excluding the effect of stock options and deferred revenue from the sale of certain game titles, the company said it would have earned $19 million, or 6 cents a share, for the recent period. Revenue slipped 12% to $788 million. Excluding the impact of deferred sales, the company said revenue grew 2% to $1.147 billion. Analysts were expecting earnings of 7 cents a share on revenue of $1.13 billion, according to consensus estimates from Thomson Reuters.
United Rentals, Inc. (NYSE:URI) fell 9.3% to $8.95. The largest U.S. construction-rental company said it plans to sell $150 million of senior unsecured convertible notes due in 2015. United Rentals, Inc. (United Rentals) is an equipment rental company. The Company’s network consisted of 628 rental locations in the United States, Canada and Mexico.
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