KBR 1st-quarter profit falls

[Coventina]

Source: Associated Press

HOUSTON (AP) — KBR Inc.'s first-quarter earnings dropped 21 percent from a year earlier when the engineering and construction company posted a $51 million gain from an arbitration award.

The Houston company, which does construction work for the military in Iraq and Afghanistan, topped Wall Street estimates by 5 cents per share.

KBR said net income was $77 million, or 48 cents per share, down from $98 million, or 58 cents per share, last year.

Revenue rose 27 percent to $3.2 billion, topping analysts' estimates of $2.92 billion.



Read more: http://www.google.com/hostednews/ap/article/ALeqM5iRKiDXhrcxJ8lXVs4ElTTzLrqTJAD97SPSM00

[xchrom]

1. kbr

:grr:

[Hassin Bin Sober]

2. Things will get worse from here without Papa Dick pulling the strings.

[Bossy Monkey]

3. Oh darn it and to heck and they're such sweet, nice guys

Their profit fell! Awwwwwwwwww... cry me a fucking river, you fucking vampires.

[NMMOM]

5. Bossy Monkey

:rofl:

[MasonJar]

4. AAAAAAWWWWWWWWWW! No Cheney around to feed them

profits. I hope the company folds and Cheney's big payout goes ppfftt along with it. What a great payback that will be. Of course he won't need much money anyway sitting in federal prison.