New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
10:48 EDTKBR, FLR, CBI, JECKBR declines after 'disappointing' unexpected quarterly losses
Shares of engineering, construction and services company KBR (KBR) are falling after the firm reported that it will undertake a strategic review of its business following "disappointing" first quarter losses. WHAT'S NEW: KBR reported a Q1 loss per share of (29c), while analysts had forecast earnings per share of 38c. The company's Q1 revenue of $1.6B missed the consensus estimate of $1.77B. KBR's recently appointed CEO, Stuart Bradie, called the overall results for the quarter "disappointing" and said that they were impacted by losses at its Service segment's pipe fabrication and module assembly facility in Canada and on two U.S. construction projects, as well as underperformance in its IGP business. Bradie said its Hydrocarbons, and especially the firm's Gas Monetization segments, continued their strong performance during the quarter. KBR is set to undergo an in-depth strategic review of its businesses to evaluate how the company can best address the markets it serves. Once completed, KBR will provide an update to the market and expects to resume its previous practice of providing earnings guidance. Looking forward, Bradie explained that the firm's market position "remains strong" with a good pipeline of early stage front end engineering design and engineering procurement and construction opportunities throughout the world. WHAT'S NOTABLE: On April 9, KBR appointed Bradie president and CEO of the company effective June 2. Bradie succeeded William Utt, who retired. On May 30, KBR announced that it has completed the previously announced restatement of its financial statements for the year ended December 31, 2013. KBR announced at that time that it was amending its unaudited financial statements as of September 30, 2013, and its unaudited quarterly data for the quarter ended December 31, 2013. OTHERS TO WATCH: Other companies in the engineering and construction sector include Chicago Bridge & Iron (CBI), Fluor (FLR), and Jacobs Engineering (JEC). PRICE ACTION: During morning trading, KBR fell $2.63, or 10%, to $23.69.
News For KBR;CBI;FLR;JEC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
November 17, 2014
15:16 EDTJECNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
14:02 EDTJECJacobs Engineering technical comments before earnings
The stock has underperformed in the prior three months, trading down 10%. The trend was decidedly bearish in the front half of the period, but since the market lows of mid-October has modified to a sideways consolidation. In a longer-term view the recent price action has been part of a much larger downtrend since price peaked in late 2013. There is a potential bearish flag when viewed on a 5-year graph, with the flag being formed by the recent price consolidation. On bearish news, a breakdown below the low of the flag at $47 would trigger the pattern. Downside potential if the pattern triggers and completes is to the $35 area. If the news is better than current bearish expectations would suggest, the key for price would be breaking out of the top of the flag at $49. If that happens the pattern would be voided. Additional upside objectives would be at $50.56, $51.65, and $53.28 depending on the degree of positive surprise.
08:51 EDTFLRFluor comments positive, says Sterne Agee
Sterne Agee believes that Fluor provided upbeat and confident commentary around multiple end- market opportunities. The firm thinks the company's backlog and margins can expand. It keeps a $105 price target and Buy rating on the shares.
November 14, 2014
08:46 EDTJECJacobs Engineering names Kevin Berryman as EVP, CFO
Subscribe for More Information
05:32 EDTFLRFluor reports IXAS Zuid-Oost B.V. reaches final close for A9 partnership project
Subscribe for More Information
November 12, 2014
06:27 EDTCBICB&I sees FY15 EPS $5.75-$6.05, consensus $5.85
Sees FY15 revenue $14.8B-$15.2B, consensus $14.43B
06:27 EDTCBICB&I sees FY14 adjusted EPS $4.80-$5.65, consensus $5.18
Subscribe for More Information
November 11, 2014
10:00 EDTJECOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:08 EDTCBIChicago Bridge & Iron awarded contract by Calpine Mid-Merit
Subscribe for More Information
08:07 EDTCBIChicago Bridge & Iron awarded $40M contract by Coffeyville Resources
CB&I announced it has been awarded a contract valued in excess of $40M by Coffeyville Resources Refining & Marketing. The project scope includes the engineering, procurement, fabrication and field construction of a 22 million standard cubic feet per day hydrogen plant at its refinery in Coffeyville, Kansas.
07:48 EDTJECJacobs Engineering receives GEC contract from TxDOT
Subscribe for More Information
07:47 EDTJECJacobs Engineering receives contract from Chevron in South Africa
Subscribe for More Information
06:31 EDTJECJacobs Engineering initiated with a Market Perform at Cowen
Target $53.
November 10, 2014
16:35 EDTFLRFluor appoints Mike Wheeler as Chief Procurement Officer
Subscribe for More Information
15:43 EDTCBIAmerican Petroleum Institute to hold a conference
Subscribe for More Information
13:52 EDTFLRFluor to host investor day
Subscribe for More Information
10:04 EDTJECOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:58 EDTCBIChicago Bridge & Iron volatility elevated into investor meeting
Subscribe for More Information
08:03 EDTCBICB&I awarded plant services contract renewal by Arizona Public Service
Subscribe for More Information
06:55 EDTJECJacobs Engineering initiated with a Market Perform at Cowen
1 | 2 | all recent news | >>

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