New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 28, 2015
07:49 EDTJECJacobs Engineering announces formal restructuring effort
Subscribe for More Information
07:48 EDTJECJacobs board reauthorizes additional $500M share buyback program
Says Board of Directors reauthorizes an additional $500 million share buyback program with a term of three years.
07:47 EDTJECJacobs Engineering raises FY15 EPS view to $3.11-$3.31 from $2.90-$3.20
Subscribe for More Information
07:46 EDTJECJacobs Engineering reports Q3 adjusted EPS 97c, consensus 73c
Reports Q3 revenue $2.91B, consensus $3.01B. Jacobs also announced continued strength in total backlog of $18.8 billion at June 26, 2015, including a technical professional services component of $12.2 billion.
July 24, 2015
08:33 EDTFLRTutor Perini names Gary Smalley executive VP, CFO
Subscribe for More Information
08:22 EDTKBRKBR awarded major construction contract at Fort Hills Oil Sands pPoject
Subscribe for More Information
July 23, 2015
11:49 EDTJECJacobs wins Smart Motorway Project contract by Highways England
Subscribe for More Information
July 22, 2015
16:19 EDTFLRFluor awarded five-year services contract for Luminant nuclear power plant
Subscribe for More Information
July 21, 2015
07:46 EDTJECJacobs wins five year contract from Suncor
Subscribe for More Information
07:45 EDTJECJacobs Engineering awardedc ontract for California high speed rail
Subscribe for More Information
July 16, 2015
08:05 EDTKBRKBR signs agreement to form alliance with Subsea 7
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