KBR Q2 Profit Declines; Lifts Lower-end Of FY13 EPS Outlook - Quick Facts

(RTTNews) - KBR Inc. (KBR) posted second-quarter net income attributable to the company of $90 million, or $0.61 per share, compared to $104 million, or $0.70 per share, in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income in the second quarter was $123 million compared to operating income of $129 million in the prior year quarter.

Consolidated revenue in the latest second quarter was $2.01 billion compared to $2.06 billion in the comparable quarter last year, while thirteen analysts had consensus revenue estimate of $1.93 billion for the quarter.

For fiscal 2013, the company raised the lower end of its earnings guidance and now expects earnings of $2.55 to $2.90 per share. Analysts expect the company to report earnings of $2.69 per share for fiscal 2013.

Earlier, the company expected earnings of $2.45 to $2.90 per share.