KBR (KBR) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.32. The company posted revenue of $1009.00 million in the period, compared to analysts expectations of $1053.61 million. The company’s revenue was down -26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on KBR. KBR was Initiated by MKM Partners to “Neutral” on Jun 29, 2016. KBR was Downgraded by Johnson Rice to ” Hold” on May 2, 2016.
KBR closed down -0.11 points or -0.75% at $14.62 with 9,03,970 shares getting traded on Thursday. Post opening the session at $14.68, the shares hit an intraday low of $14.56 and an intraday high of $14.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Mar 10, 2015, Ivor Harrington (President E&C) sold 14,965 shares at $15.50 per share price.
KBR Inc. is an engineering procurement construction and services company. The Company offers a portfolio of technology and consulting services; engineering construction procurement and asset maintenance services; and base operational logistics life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C) Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering procurement and construction services for the development construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom Australian and United States Governments. It provides services to international and national oil and gas companies independent refiners manufacturers and domestic and foreign Governments among others.