Babcock & Wilcox Q1 Profit Shrinks - Quick Facts

(RTTNews) - The Babcock & Wilcox Company (BWC) Monday reported first-quarter profit of $45.0 million, down from $47.2 million in the same period last year. On a per-share basis, earnings were $0.41 per share, flat with last year.

Adjusted earnings for the quarter were $0.42 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased 17.8 percent to $662.0 million from $805.42 million last year. Analysts expected revenues of $704.81 million.

Looking ahead, the company continues to project full-year adjusted earnings in the range of $2.00 to $2.20 per share, with revenues ranging between $2.90 billion and $3.10 billion.

Analysts currently expect the company to report full-year earnings of $2.17 per share on revenues of $2.96 billion.