Why did FLR's Q3 2024 earnings miss forecasts so badly?

Fluor's Q3 2024 earnings missed forecasts due to a combination of factors: 1. **Revenue Decline in Energy Solutions Segment**: The Energy Solutions segment experienced a significant decline, with revenue decreasing by 7.3% year-over-year. This decline is a key factor in the overall revenue shortfall. 2. **Revenue Shortfall in Urban Solutions Segment**: Although the Urban Solutions segment showed strong growth, with a 52.3% increase in revenue year-over-year, it was not enough to offset the declines in other segments. This shortfall contributes to the overall revenue miss. 3. **Revenue Shortfall in Mission Solutions Segment**: The Mission Solutions segment also contributed to the revenue shortfall, with a 0.14% decrease in revenue year-over-year. In summary, the earnings miss was primarily due to revenue declines in key segments of the company, despite some growth in others. This reflects a complex business environment where certain segments performed poorly despite the company's overall efforts to grow and innovate.