Babcock & Wilcox Enterprises Inc. Q3 Earnings Retreat 12%

(RTTNews) - Babcock & Wilcox Enterprises Inc. (BW) released a profit for third quarter that fell compared to the same period last year.

The company said its bottom line totaled $12.0 million, or $0.24 per share. This was down from $13.7 million, or $0.25 per share, in last year's third quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $411.0 million. This was down from $420.0 million last year.

Babcock & Wilcox Enterprises Inc. earnings at a glance:

-Earnings (Q3): $12.0 Mln. vs. $13.7 Mln. last year. -Earnings Decline (Y-o-Y): -12.4% -EPS (Q3): $0.24 vs. $0.25 last year. -EPS Decline (Y-o-Y): -4.0% -Analysts Estimate: $0.26 -Revenue (Q3): $411.0 Mln vs. $420.0 Mln last year. -Revenue Change (Y-o-Y): -2.1%

-Guidance: Full year EPS guidance: $0.63 - $0.83 Full year revenue guidance: $1.8 - $1.7 Bln