Chicago Bridge & Iron Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Chicago Bridge & Iron Company N.V. (CBI) reported that its third-quarter net income to company increased to $161.8 million, or $1.48 per share, from $117.7 million or $1.08 per share, last year. Adjusted net income for the third quarter was $164.7 million, or $1.51 per share.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.41 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $3.38 billion, up from $2.99 billion, prior year. Analysts expected revenue of $3.44 billion for the quarter. Philip Asherman, CB&I's President and CEO said: "Our net cash provided from operating activities for the quarter was $25.1 million, and our liquidity is solid. We enter the fourth quarter forecasted to achieve revenue and EPS consistent with market expectations, and we look forward to a strong start to 2015."