New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:23 EDTFLR, JEC, KBRFluor, Jacobs decline after competitor cuts guidance
Shares of engineering and construction companies Fluor (FLR) and Jacobs Engineering Group (JEC) are falling after one of their competitors, KBR (KBR), lowered its fiscal 2012 earnings per share guidance. KBR now expects its fiscal 2012 EPS to be $1.95-$2.10 excluding a goodwill charge for the third quarter, down from its previous forecast of $2.60-$2.80. The company also forecast that its fiscal 2013 EPS will be $2.45-$2.90, below analysts' consensus estimate of $2.96. KBR blamed the reduction in its 2012 guidance on project charges it expects to take for its Minerals and U.S. Construction businesses, along with higher than expected labor costs. The company expects its business to strengthen in the second half of 2013 as existing projects continue to advance. In mid-morning trading, Fluor dropped 1.44% to $61.73, Jacobs Engineering slid 1.15% to $44.67, and KBR tumbled 8.13% to $29.40.
News For FLR;JEC;KBR From The Last 14 Days
Check below for free stories on FLR;JEC;KBR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 23, 2014
05:45 EDTFLRFluor downgraded to Market Perform from Outperform at Wells Fargo
September 16, 2014
07:47 EDTJECJacobs Engineering ups ownership in Jacobs ZATE
Subscribe for More Information
07:46 EDTJECJacobs Engineering awarded contract option at NASa Marshall Space Flight Center
Subscribe for More Information
September 10, 2014
08:11 EDTKBRKBR wins licensing, design services contract, value not disclosed
Subscribe for More Information
September 9, 2014
07:45 EDTJECJacobs Engineering receives contract extension from EDF Energy
Jacobs Engineering Group announced that its contract to provide project services to EDF Energy for its eight nuclear power station sites in the United Kingdom has been extended. Company officials did not disclose the contract value, but noted that the contract is extended by 12 months with an option for a further 12 months. Jacobs is providing a range of project services to support EDF Energy’s program of maintenance and life extension projects at the stations. EDF Energy’s eight stations have a combined capacity of almost 8.8 million kilowatts, making it the UK’s largest generator of low carbon electricity.
07:02 EDTFLRDA Davidson to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use