News Formal

KBR first-quarter earnings beat Wall Street expectations

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

The Houston-based company said it had profit of 56 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The the engineering, construction company posted revenue of $1.7 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.62 billion. KBR expects full-year earnings in the range of $2.76 to $2.96 per share, with revenue in the range of $6.9 billion to $7.1 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Week Ahead: Recession worries simmer beneath US stock market rally By Reuters*WALL ST. WEEK AHEAD: RECESSION WORRIES SIMMER AHEAD OF FED RATE HIKE, U.S. JOBS REPORT AND APPLE EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Source: CNN - 🏆 4. / 95 Read more »