KBR Inc. (KBR) Income Rises 52 Percent
KBR Inc., the former Halliburton Co. subsidiary, said Thursday its net income rose 52 percent in the second quarter, lifted by the sale of its share of a British dockyard.
Earnings for the April-June period amounted to $140 million, or 83 cents a share, compared with net income of $92 million, or 68 cents a share, in the year-ago period.
Revenue was relatively flat at $2.15 billion in the most-recent period, versus $2.23 billion a year ago.
The military contractor and engineering/construction outfit, which split from Halliburton in April, said earnings from continuing operations in the second quarter were $50 million, or 30 cents a share, up from $4 million, or 3 cents a share, in the second quarter of 2006.
Analysts polled by Thomson Financial had forecast earnings of 28 cents a share on revenue of $2.33 billion. The Thomson Financial forecast typically excludes special items.
Earnings for the April-June period amounted to $140 million, or 83 cents a share, compared with net income of $92 million, or 68 cents a share, in the year-ago period.
Revenue was relatively flat at $2.15 billion in the most-recent period, versus $2.23 billion a year ago.
The military contractor and engineering/construction outfit, which split from Halliburton in April, said earnings from continuing operations in the second quarter were $50 million, or 30 cents a share, up from $4 million, or 3 cents a share, in the second quarter of 2006.
Analysts polled by Thomson Financial had forecast earnings of 28 cents a share on revenue of $2.33 billion. The Thomson Financial forecast typically excludes special items.
posted by Stock Administrator @ 12:55 PM
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