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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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October 30, 2014
08:16 EDTKBRKBR awarded FEED contract for Tangguh LNG Project expansion
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October 28, 2014
07:47 EDTJECJacobs Engineering awarded construction management contract
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07:46 EDTJECJacobs awarded contracts through Bisbane Airport Airside panel
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October 27, 2014
09:30 EDTFLRFluor, Technip JV awarded contract for Sasol complex
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October 24, 2014
11:44 EDTFLRFluor shares could double over next five years, Barron's says
Year to date, shares of Fluor have dropped about 20%, but the company has great long term potential given its $40B backlog of projects and strong cash position, Barron's reports. Reference Link
October 23, 2014
13:19 EDTFLRFluor, Technip awarded RAPID UIO project in Malaysia
Technip (TKPPY), in a joint venture with Fluor (FLR), was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the PETRONAS Refinery and Petrochemical Integrated Development project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites scope of work. RAPIDís refinery start-up is expected by early 2019. Technipís operating centre in Kuala Lumpur, Malaysia, will execute the contract.
09:15 EDTKBRKBR awarded Statoil global MSA
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09:06 EDTFLRFluor, Technip awarded RAPID refinery facilities project in Malaysia
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08:54 EDTJEC, FLREngineering & construction stocks undervalued, says Sterne Agee
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October 21, 2014
07:47 EDTJECJacobs Engineering awarded Remediation task order
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07:47 EDTJECJacobs awarded two-year framework agreement from MODON
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October 16, 2014
08:39 EDTKBRKBR Daewoo Consortium wins FLNG FEED contract
KBR announced that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering, has been awarded a front end engineering design, or FEED, contract by Eni East Africa SpA for a floating liquefied natural gas, or FLNG, facility for the Coral South Development Project located in Mozambique. With the award, the KD consortium will be one of three consortia competing for the engineering, procurement, construction, installation and commissioning contract to build the new floating LNG facility for Eni East Africa and its partners to develop the hydrocarbon discovery in the Rovuma Basin in Mozambique.

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