HOUSTON (AP) — HOUSTON (AP) — KBR Inc. (KBR) on Thursday reported second-quarter profit of $96 million.
The Houston-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, were 99 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The the engineering, construction company posted revenue of $1.98 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.88 billion.
KBR expects full-year earnings in the range of $3.87 to $4.22 per share, with revenue in the range of $7.9 billion to $8.36 billion.
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