KBR first-quarter earnings beat Wall Street expectations

📆 1/05/2023 11:44 a. m.
📰 HoustonChron

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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.

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