Construction & Engineering

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Porton Fine Chemicals Ltd. Jacobs, who earlier performed basic engineering services for this project, is expected to provide detailed engineering services for a new multi-purpose GMP manufacturing facility at...

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide architect and engineer design services for the United States Government, Department of State, Bureau of Overseas Buildings Operations. The Indefinite Delivery/Indefinite Quantity Contract includes a 12...

EMCOR Group, Inc. (NYSE: EME) today reported results for the third quarter ended September 30, 2010. The Company recorded a net loss for the 2010 third quarter of $175.6 million, or $(2.64) per diluted share. Excluding a non-cash impairment charge discussed below, adjusted net income was $30.9...

Shares of Fluor Corporation (NYSE: FLR) are dropping sharply after the company received a legal ruling against the stock. The company lowered its 2010 guidance by 32 cents as a result of this.

BB&T Capital Markets is upgrading MYR Group (NASDAQ: MYRG) from Hold to Buy.

Citi Investment Research is out with a research report on Chicago Bridge & Iron Co NV (NYSE: CBI), after it reported solid earnings after the bell yesterday. It has a Buy rating and a $36 price target on shares. In a research report sent to investors, Citi writes, "We believe project execution...

Houston, Texas based engineering, construction, and services company KBR, Inc. (NYSE: KBR) announced on Thursday morning that it easily beat consensus Wall Street earnings estimates, while just missing revenue expectations. KBR, Inc reported that its 3rd quarter net income climbed to $97 million,...

Chicago Bridge & Iron Company (CBI), a.k.a. CB&I, has reported its third quarter 2010 results. Net income was $51.8 million, or 52 cents per share, topping the Zacks Consensus Estimate of 48 cents per share. Quarterly revenue was $909 million, which was below the Zacks Consensus Estimate...

Jacobs Engineering Group Inc. (JEC) won a construction contract from Bonneville Power Administration (BPA), a federal agency in Portland that markets wholesale electricity and transmission services to public and private utilities in the Pacific Northwest and direct service industries. Although...

Sterne Agee is raising its earnings estimates and price target on Chicago Bridge & Iron Company N.V. (NYSE: CBI) after the company reported better than expected earnings yesterday. It's maintaining its Neutral rating and raising its price target to $28 from $26. In the research note sent to...

CB&I (NYSE: CBI) today reported net income of $51.8 million, or $0.52 per diluted share, for the third quarter of 2010. Revenue for the quarter was $909.1 million and New Awards totaled $893.1 million. Cash and cash equivalents increased to $361 million as of September 30, up from $300 million...

Chicago Bridge & Iron Company N.V. (NYSE: CBI) reports Q3 earnings of $0.52 versus consensus of $0.48. Chicago Bridge & Iron Company N.V. reports revenues of $909.1 million versus consensus of $1.02 billion. Shares are down in after hours, losing 64 cents to $24.50, a loss of 2.5%.

Shares of Quanta Services, Inc. (NYSE: PWR) are higher on the session by 0.60%, currently trading at $20.00. The stock has been moving largely higher over the past two months and it is now testing the 200-day moving average. Options traders are buying puts on the name today. A short while ago the...

Citigroup is out with a research report this morning, where it reiterates its Hold rating on Foster Wheeler AG (NASDAQ: FWLT); it has a $30.50 price target on the stock. The Citi analyasts cited the company's recent announcement that CEO Robert Flexon has stepped down. Umberto della Sala,...

Foster Wheeler (NASDAQ: FWLT) announced Bob Flexon vacated the CEO position and Umberto della Sala assumed the Interim CEO role. Goldman believes the management change is largely due to a cultural fit at FWLT and not indicative of the company's strategic direction or underlying business. This...