Babcock & Wilcox Q2 Profit Down - Quick Facts

(RTTNews) - The Babcock & Wilcox Co. (BWC) Wednesday reported second-quarter profit of $69.70 million, down from $74.34 million in the same period last year.

Earnings attributable to the company dropped to $72.87 million from $77.23 million last year. On a per-share basis, earnings were $0.65 per share, flat with last year.

Adjusted earnings for the quarter was $0.72 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn 0.67 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $886.14 million from $852.59 million last year, Analysts expected revenues of $875.04 million.

For the fiscal 2013, the company has re-affirmed its adjusted earnings uidance range of $2.25 to $2.45 per share. Revenues are projected in a range of $3.4 billion to $3.5 billion, compared to its previous guidance range of $3.40 billion to $3.55 billion.

Analysts currently expect the company to report full-year earnings of $2.30 per share on revenues of $3.44 billion.