KBR: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

HOUSTON (AP) _ KBR Inc. (KBR) on Thursday reported a second-quarter loss of $39 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 28 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The the engineering, construction company posted revenue of $1.39 billion in the period.

KBR expects full-year earnings in the range of $1.50 to $1.80 per share.

KBR shares have declined 22% since the beginning of the year. The stock has fallen almost 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBR at https://www.zacks.com/ap/KBR