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KBR Stock Retreats on Q2 Revenue Miss

NEW YORK (TheStreet) -- Shares of KBR (KBR) are sliding 3.49% to $14.11 in Friday afternoon trading after reporting in-line earnings and weaker-than-expected revenue for the 2016 second quarter.

Before the market open, the engineering and construction firm reported earnings of 32 cents per share that met analysts' estimates.

Revenue fell to $1.01 billion from $1.38 billion a year ago and missed analysts' projections of $1.04 billion.

During the period, KBR said it booked $12 million in restructuring costs that were primarily related to severance expenses. As part of the...


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