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KBR lowers 2012 earnings forecast, shares slide 7.6 pct
January 10, 2013 / 9:23 PM / 5 years ago

KBR lowers 2012 earnings forecast, shares slide 7.6 pct

Jan 10 (Reuters) - Engineering and construction company KBR Inc on Thursday lowered its 2012 earnings forecast, citing higher-than-expected project charges in its minerals and construction units.

The Houston company said it now expects 2012 earnings per diluted share between $1.95 to $2.10, down sharply from its previous forecast for earnings of $2.60 to $2.80 per share.

Shares of KBR slid 7.6 percent to $29.55 in post-market trading.

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