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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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July 24, 2014
08:25 EDTFLRFluor consortium announced as preferred bidder for Netherlands project
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July 23, 2014
17:33 EDTFLRFluor awarded 3-year contract by DOE valued at about $420M
Fluor was chosen by the U.S. Department of Energy, or DOE, for the next phase of cleanup at the Paducah Gaseous Diffusion Plant, or GDP, in Paducah, Kentucky. Fluor is the prime contractor for the management, integration and execution of the deactivation and post-GDP shutdown remediation activities at the Paducah site. It is anticipated that the new contract will help reduce environmental risks and create local job opportunities. The estimated value of the contract, which Fluor booked in Q3, is approximately $420M over three years.
10:02 EDTJECOn The Fly: Analyst Initiation Summary
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06:59 EDTJECJacobs Engineering initiated with an Outperform at Wells Fargo
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06:58 EDTFLRFluor initiated with an Outperform at Wells Fargo
Price target range $103-$105.
July 22, 2014
07:46 EDTJECJacobs awarded contract as sole provider to United Utilities
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July 15, 2014
08:15 EDTFLRFluor wins LNG terminal contract in Rotterdam
Fluor Corporation was awarded a contract by Gate Terminal BV, a subsidiary of Dutch Vopak and Gasunie, to design and build a liquefied natural gas break bulk terminal in Rotterdam, the Netherlands. Fluor booked the contract for an undisclosed value in 2Q14. Fluor will provide engineering, procurement and construction management services for the jetty, loading facilities, boil-off gas compressors, connection to the LNG terminal and other facilities. Fluor’s office in Spain, which has completed LNG projects globally, will be responsible for executing the project. Gate Terminal anticipates the terminal will be ready for operation in 2016.
07:46 EDTJECJacobs receives project services contract from BP
Jacobs (JEC) announced that it was awarded a contract with BP (BP) to provide engineering, design and procurement services for the Coker Heater Replacement Project at its Cherry Point Refinery in Blaine, Washington. Company officials did not disclose the contract value.
07:46 EDTJECJacobs Engineering receives contract from Brighton i360
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July 10, 2014
08:49 EDTKBRKBR wins $113.82M contract for base support in Bahrain
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