HOUSTON (AP) — HOUSTON (AP) — KBR Inc. (KBR) on Tuesday reported fourth-quarter profit of $21 million.
The Houston-based company said it had profit of 15 cents per share. Earnings, adjusted for non-recurring costs, were 69 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The the engineering, construction company posted revenue of $1.73 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.77 billion.
For the year, the company reported a loss of $265 million, or $1.96 per share. Revenue was reported as $6.96 billion.
KBR expects full-year earnings in the range of $3.10 to $3.30 per share, with revenue in the range of $7.4 billion to $7.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBR at https://www.zacks.com/ap/KBR