KBR lowers 2012 earnings forecast, shares slide 7.6 pct

Thu Jan 10, 2013 4:20pm EST

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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