CB&I 3rd-qtr earnings nearly double on energy growth

NEW YORK, Oct 30 (Reuters) - Engineering and construction company Chicago Bridge & Iron Co (CBI.N: Quote, Profile, Research, Stock Buzz) said on Tuesday its third-quarter earnings nearly doubled on strong demand from the oil and gas industry.

Net income in the quarter rose to $58.7 million, or 61 cents a share, from $32.4 million, or 33 cents a share, a year earlier.

Revenue in the quarter rose 36 percent to $1.17 billion.

The company said it raised its full-year earnings forecast to $1.60 to $1.75 a share. It had previously projected a range of $1.50 to $1.65 a share for 2007. (Reporting by Michael Erman)