logo
Share SHARE
FONT-SIZE Plus   Neg

Chicago Bridge & Iron Q1 Profit Rises

Chicago Bridge & Iron Company N.V. (CBI) reported first-quarter net income attributable to company of $59.49 million or $0.60 per share, compared to $50.51 million or $0.50 per share in the comparable quarter last year.

On average, seventeen analysts polled by Thomson Reuters expected the company to report profit of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.20 billion from $0.95 billion last year, while fourteen analysts expected revenue of $1.27 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taiwanese electronics assembler Foxconn Technology Group has replaced 60,000 workers at a factory in China with robots, according to a report in the South China Morning Post. However, the company, which is a major supplier to Apple and Samsung, expects to maintain a significant workforce in China. Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar. Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net...
comments powered by Disqus
Follow RTT