Chicago Bridge & Iron (CBI) Q1 Revenue Misses Views, Maintains Guidance

Chicago Bridge & Iron (NYSE: CBI) reported Q1 EPS of $1.21, does not compare to the analyst estimate of $1.14. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.36 billion.

The company said, "We maintain confidence in our guidance for the year supported by the continuing development of LNG projects in North America, petrochemical developments on the Gulf Coast, combined cycle power plants in the U.S., and consistent margin performance from our operating groups."

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