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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
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September 30, 2014
07:47 EDTJECJacobs Engineering JV selected for Sellafield framework
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07:47 EDTJECJacobs Engineering receives pharmaceuticals pilot plant contract from Novo Nordisk
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07:46 EDTJECJacobs Engineering awarded road infrastructure project for Transport Scotland
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September 23, 2014
16:07 EDTFLRFluor awarded contract by Fort Hills Energy
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10:02 EDTFLR, JECOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Analog Devices (ADI) downgraded to Neutral from Overweight at JPMorgan... Bed Bath & Beyond (BBBY) downgraded to Market Perform at William Blair... Cameco (CCJ) downgraded to Neutral from Buy at BofA/Merrill... Clorox (CLX) downgraded to Neutral from Buy at Citigroup... Concur (CNQR) downgraded to Neutral from Buy at Roth Capital... Del Frisco's (DFRG) downgraded at Sterne Agee... Dick's Sporting (DKS) downgraded to Market Perform from Outperform at William Blair... Dresser-Rand (DRC) downgraded to Hold from Buy at KeyBanc... Equinix (EQIX) downgraded to Market Perform from Outperform at Wells Fargo... Fluor (FLR) downgraded at Wells Fargo... Gordmans Stores (GMAN) downgraded at Canaccord... Jacobs Engineering (JEC) downgraded to Market Perform from Outperform at Wells Fargo... Nanometrics (NANO) downgraded to Hold from Buy at Canaccord... ON Semiconductor (ONNN) downgraded to Neutral from Overweight at JPMorgan... Siemens (SIEGY) downgraded to Equal Weight from Overweight at Barclays... Sigma-Aldrich (SIAL) downgraded to Hold from Buy at KeyBanc... Taminco (TAM) downgraded to Hold from Buy at Jefferies... Viasystems (VIAS) downgraded to Hold from Buy at Canaccord... Watsco (WSO) downgraded to Accumulate from Buy at Global Hunter.
08:04 EDTJECJacobs Engineering downgraded to Market Perform from Outperform at Wells Fargo
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08:00 EDTJECJacobs Engineering opens new office in Saudi Arabia to support Saudi Aramco
Jacobs Engineering Group expands with a new office in Al Khobar, Saudi Arabia, to strengthen its support for Saudi Aramco and other key clients and partners in the Kingdom of Saudi Arabia.
08:00 EDTFLRFluor downgraded at Wells Fargo
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07:58 EDTJECJacobs Engineering awarded contract from NJTA
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05:45 EDTFLRFluor downgraded to Market Perform from Outperform at Wells Fargo
September 16, 2014
07:47 EDTJECJacobs Engineering ups ownership in Jacobs ZATE
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07:46 EDTJECJacobs Engineering awarded contract option at NASa Marshall Space Flight Center
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