Chicago Bridge & Iron (CBI) reported fourth quarter net income of $0.91 per share after the close Wednesday, up from $0.70 per share in the previous year. The consensus estimate was for EPS of $0.83.
Chicago Bridge & Iron gapped open sharply higher Thursday and is now up 2.31 at $55.33. The stock has risen past the upper end of a 3-week trading range this morning and has set a new high for the year.
by RTT Staff Writer
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