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0.00271739130434777 0.00905797101449272 -0.00030797101449284 0.00996376811594198 0.00878623188405793 0.000905797101449256 -0.00362318840579718 -0.0366847826086958
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Chicago Bridge & Iron shares plummet 30% after big surprise loss [MarketWatch]

CHICAGO BRDGE & IRON (CBI)  More Company Research Source: MarketWatch
Last chicago brdge & iron earnings: 4/23 04:30 pm Check Earnings Report
US:NYSE Investor Relations: cbi.com
PDF Chicago Bridge & Iron's stock plunges after large surprise loss, slashed outlook Shares of Chicago Bridge & Iron Co. CBI, -32.52% plunged 22% toward an 8-year low in morning trade Thursday, after the energy infrastructure services company reported a large surprise loss and revenue that was about half what was expected. The company also said it has suspended its dividend, was pursuing a sale of its technology business and has initiated a cost cutting program. The company said late Wednesday it swung to a net loss of $425.4 million, or $4.22 a share, from a profit of $123.8 million, or $1.17 a share, in the same period a year ago. Excluding discontinued operations, the per-share loss was $3.02, compared with analyst expectations of a profit of 88 cents a share, according to FactSet. Revenue fell to $1.28 billion from $2.16 billion, while the FactSet consensus was for an increase to $2.47 billion. The company slashed its 2017 outlook for EPS to $1.00 to $1.25 from $3.50 to $4.00 and f [Read more]

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