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Chicago Bridge & Iron (CBI) Climbed To A New High On Full Year Forecast

Chicago Bridge & Iron (CBI) announced Thursday that expects revenue of $10.7 billion to $11.2 billion for this year, and new awards of $13 billion to $16 billion. The company expects to report full year 2013 EPS of 4.00 to $4.35. The consensus estimates are for revenues of $11.48 billion and EPS of $4.00.

Chicago Bridge & Iron gapped open higher Thursday and rose steadily until mid-morning. Shares finished up by 3.09 at $62.10 on above average volume. The stock rose to a new high for the year.

by RTTNews Staff Writer

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