Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chicago Bridge & Iron (NYSE: CBI ) rose more than 10% in early trading after announcing strong third-quarter results and higher 2011 guidance.
So what: Q3 revenue rose 38% to $1.26 billion. Per-share earnings grew at a similar clip, from $0.52 to $0.72 a share. Analysts were expecting $1.17 billion and $0.65 a share, respectively, according to data compiled by Yahoo! Finance.
Now what: Most importantly, the civil engineering firm added $0.05 a share to both the top and bottom end of a full-year forecast issued in the second quarter -- putting Chicago Bridge & Iron on track to earn $2.40 to $2.50 a share in 2011. That's ahead of the sort of long-term profit growth analysts expect, and it's sure to please those who've given the stock a five-star rating in Motley Fool CAPS. Do you agree? Would you buy shares at current prices? Please weigh in using the comments box below.
Interested in more information about Chicago Bridge & Iron? Add it to your watchlist.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.