UPDATE: Chicago Bridge & Iron (CBI) Tops Q2 EPS by 14c

(correction) Chicago Bridge & Iron (NYSE: CBI) reported Q2 EPS of $1.55, $0.14 better than the analyst estimate of $1.41. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $3.51 billion.

"We continue to deliver solid performance despite a volatile commodity market and geopolitical issues that create instability in many of the traditional international energy markets," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The U.S. remains a great opportunity for us particularly in LNG, petrochemicals and fossil power generation markets. East Africa will be a source of solid backlog for many years as Anadarko and other owners develop these tremendous assets. Additionally, we continue to produce significant profitability from not only our insourcing capabilities but also the diverse portfolio of new opportunities in our facilities maintenance, engineered products, steel plate storage, pipe fabrication, technology licensing and catalyst businesses."

For earnings history and earnings-related data on Chicago Bridge & Iron (CBI) click here.

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