Oct 24 Engineering company KBR Inc
reported lower-than-expected quarterly revenue on Thursday along
with a profit hit by a tax settlement, and said it expected
full-year earnings at the low end of its own expectations.
Third-quarter profit was $24 million, or 16 cents per share,
compared with a loss of $81 million, or 55 cents per share - the
latter caused by a writedown on a 2010 acquisition. Revenue fell
9 percent to $1.81 billion, whereas analysts had expected nearly
$2 billion, according to Thomson Reuters I/B/E/S.
KBR also said it expected 2013 earnings to be at the low end
of its predicted range of $2.55 to $2.90 per share.