|
contents | business | |||||||||
| KBR announces 2010 earnings guidance U.S. firm KBR announced that the company's guidance for estimated earnings per diluted share from continuing operations is in the range of $1.60 to $1.80 for the fiscal year 2010. Included in these estimates is an approximately 50 percent revenue decline from KBR's LogCAP project in 2010 from the full year 2009 levels. The estimated LogCAP revenue decline is based on recent reports from the U.S. Government indicating a withdrawal of troops from current levels of approximately 120, 000 down to an approximate sustainment level of between 35, 000 and 50, 000 by the end of summer 2010, as well as KBR's assumptions regarding the ongoing transition from LogCAP III to LogCAP IV in Iraq. However, KBR's LogCAP revenue decline assumptions for 2010 are subject to change in both timing and scope depending on conditions on the ground and direction from its government customer. write your comments about the article :: © 2010 Construction News :: home page |