July 25, 2012 / 8:23 PM / 5 years ago

KBR profit rises in 2nd qtr, revenue declines

July 25 (Reuters) - Engineering company KBR Inc posted a 4 percent rise in quarterly profit on Wednesday and tightened its 2012 earnings outlook to capture the upper end of its previous forecast.

Its second-quarter net profit rose to $104 million, or 70 cents per share, from $100 million, or 65 cents per share, a year earlier. But revenue fell 16 percent to $2.06 billion, below the $2.2 billion expected by analysts.

The company updated its 2012 earnings forecast to $2.60 to $2.80 per share, raising the lower end of the range from $2.45 per share previously. (Reporting by Braden Reddall in San Francisco; Editing by Gary Hill)

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