Home

Willbros Group boosts 2008 earnings, revenue outlook

By Associated Press
May 7, 2008 | Comments (0)

Recs

0

Oil industry contractor Willbros Group Inc. on Wednesday raised its full-year earnings forecast range by 5 cents per share, sending shares up after hours.

The company now projects full-year income between $1.70 and $1.95.

Analysts polled by Thomson Financial expect the company to earn $1.81 per share.

The company also boosted its revenue guidance to a range of $1.8 billion to $2 billion, from a previous forecast of $1.6 billion to $1.8 billion. Analysts predict revenue of $1.73 billion.

Shares of Willbros, which also reported a first-quarter profit, jumped $1.64, or 4.3 percent, to $40 after-hours. The stock earlier added 76 cents, or 2 percent, to close at $38.36.

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.

Compare Brokers

DocumentId: 640106, ~/articles/articlehandler.aspx, 12/2/2008 7:19:08 AM,

Sign up for FREE Motley Fool site access to keep reading:

“Willbros Group boosts 2008 earnings, revenue outlook”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.