KBR: 2Q Earnings Snapshot
HOUSTON (AP) _ KBR Inc. (KBR) on Wednesday reported second-quarter earnings of $48 million.
On a per-share basis, the Houston-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 41 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The the engineering, construction company posted revenue of $1.42 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.38 billion.
KBR expects full-year earnings in the range of $1.58 to $1.73 per share.
KBR shares have risen 74% since the beginning of the year. The stock has risen 36% in the last 12 months.