Chicago Bridge & Iron Company N.V. (CBI) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Chicago Bridge & Iron Company N.V. (CBI) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $1.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $1.12. The company posted revenue of $2667.70 million in the period, compared to analysts expectations of $2813.15 million. The company’s revenue was down -14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Chicago Bridge & Iron Company N.V. opened for trading at $35.11 and hit $36 on the upside on Monday, eventually ending the session at $35.82, with a gain of 0.45% or 0.16 points. The heightened volatility saw the trading volume jump to 14,22,368 shares. Company has a market cap of $3,747 M.

In a different news, on Mar 30, 2016, Edgar C. Ray (EXECUTIVE VICE PRESIDENT) sold 11,000 shares at $37.19 per share price. According to the SEC, on Jun 3, 2015, Westley S. Stockton (VP, Controller, CAO) sold 2,000 shares at $57.27 per share price. On Jun 2, 2015, James W. Sabin (Executive Vice President) sold 6,851 shares at $55.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering Construction and Maintenance which provides engineering procurement and construction (EPC) services for energy infrastructure facilities as well as integrated maintenance services; Fabrication Services which provides fabrication of piping systems process and nuclear modules; fabrication and erection of steel plate structures and manufacturing and distribution of pipe and fittings for various industries such as oil and gas mining mineral processing and power generation; Technology which provides licensed process technologies catalysts and engineered products and offers process planning and project development services and Environmental Solutions which provides environmental services for Government and private sector customers.

Chicago Bridge & Iron Company N.V.

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