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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 RTTNews Staff Writer

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