Reply #60: KBR's quarter is a mixed bag

[AnneD]

Iraq contracts help boost profit, but other units see flat results....




KBR's third-quarter profit surged from a year ago in part from its military contracts in Iraq, but its energy and chemicals arm reported flat results. Its share price fell sharply.

The Houston-based military contractor and construction and engineering outfit, a former Halliburton Co. subsidiary, said Thursday its earnings jumped to $63 million, or 37 cents per share, for the three months that ended Sept. 30. That compared with earnings of $7 million, or 5 cents per share, a year ago.

The latest results included an $18 million gain from the sale of interest in an Algerian joint venture.

The company said income from continuing operations rose to $60 million, or 35 cents per share, in the most-recent period versus a loss of $8 million, or 6 cents per share.



http://www.chron.com/disp/story.mpl/business/5266854.html

Somethings speak for themselves

:-(