Chicago Bridge & Iron Company N.V. (CBI) reported first-quarter net income attributable to company of $33.6 million or $0.32 per share, down from $59.4 million or $0.60 per share in the comparable quarter last year.
The latest quarter results were primarily affected by an acquisition related cost of $61 million and an increase in interest expenses from the year-ago period.
On average, thirteen analysts polled by Thomson Reuters expected the company to report profit of $0.74 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $2.25 billion from $1.20 billion last year, while twelve analysts expected revenue of $2.18 billion for the current quarter.
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