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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:23 EDTFLR, KBR, JECFluor, 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
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April 16, 2015
14:46 EDTJECJacobs Engineering downgraded to Hold from Buy at Standpoint Research
April 13, 2015
10:00 EDTKBR, JEC, FLROn The Fly: Analyst Downgrade Summary
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08:19 EDTKBR, KBRKBR downgraded to Underperform from Outperform at CLSA
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08:19 EDTJEC, JECJacobs Engineering downgraded to Outperform from Buy at CLSA
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08:18 EDTFLR, FLRFluor downgraded to Outperform from Buy at CLSA
April 10, 2015
08:08 EDTKBRKBR awarded construction contract for Flint Hills Resources project Eagle Ford
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April 7, 2015
16:16 EDTFLRFluor signs strategic partnership with Goldcorp
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07:46 EDTJECJacobs Engineering awarded contract from Texas DOT
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