NYSE:KBRProfessional Services
KBR (KBR) Stock Pops But Debt And Split Define The Stakes
KBR stock jumped 6.5% to about US$36.60 after its Q2 report, a sharp move for a government services and engineering contractor that had been treading water over the past quarter. The market latched on to clean headline beats, with adjusted earnings per share at US$0.99 and adjusted earnings before interest, tax, depreciation and amortisation at US$258 million.
The real story for longer term investors is not this quarter’s pop. KBR is preparing to split into two listed companies while carrying...