November 8, 2017 / 9:46 PM / 14 days ago

BRIEF-Babcock & Wilcox announces third quarter 2017 results

Nov 8 (Reuters) - Babcock & Wilcox Enterprises Inc

* Babcock & Wilcox announces third quarter 2017 results

* Q3 revenue $408.7 million versus I/B/E/S view $415.5 million

* Q3 adjusted loss per share $0.49

* Q3 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S

* Babcock & Wilcox enterprises inc - ‍GAAP earnings per share in Q3 2017 were a loss of $2.48​

* Babcock & Wilcox enterprises inc - says cost savings targeting $45 million in annual savings​

* Babcock & Wilcox enterprises - has ‍identified and is implementing multiple actions across co including domestic and international workforce reductions​

* Babcock & Wilcox enterprises inc - ‍specific to B&W Vølund, company is implementing a workforce reduction of approximately 30%​

* Babcock & Wilcox enterprises - ‍strategic actions represent workforce reduction of 9% & are expected to deliver annual savings of about $45 million in 2018​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below