KBR Q2 Profit Increases

(RTTNews) - KBR Inc. (KBR) reported that its second-quarter net income attributable to the company increased to $48 million or $0.34 per share from $44 million or $0.31 per share last year.

Adjusted net income per share grew to $0.41 from $0.35 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $1.42 billion from $1.27 billion last year. Analysts expected revenues of $1.3 billion.

KBR reaffirmed 2019 GAAP earnings per share guidance with a range of $1.29 to $1.44, and Adjusted earnings per share guidance with a range of $1.58 to $1.73 per share. Analysts expect annual earnings of $1.68 per share.