Bearish Profit Outlook for KBR Inc (KBR); Ivory Cove Eyeing Opportunity in SeaWorld Ent. (SEAS)

kbr_inc_kbr

KBR, Inc. (NYSE:KBR) stock surged 1.48% (or +$0.22) to $15.13 and 943,820 of its shares changed hands on Friday’s trading session, representing a decrease in activity versus its average volume (3m) of 1.25M

KBR brought down its full-year 2016 earnings per share guidance to a range of $0.30 to $0.50 – excluding certain legal costs – from the previously reported earnings guidance range of between $1.20 and $1.45 per share for the period, citing project cost increases.

Shares of KBR dropped more than 5%  in the extended session, following the release of the company’s revised guidance

KBR, which operates as an engineering, construction, and services company worldwide, has 142.48M Shares Outstanding, Market Capitalization (intraday) of $2.16B and KBR stock 52-week range is between $11.61 and $19.94 per share

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seaworld_entertainment_seas

After the closing bell Friday, Ivory Cove Ltd. disclosed in a regulatory filing ( SC 13D ) with the U.S. Securities and Exchange Commission (SEC) a 5.2% stake (4,629,486 shares) in SeaWorld Entertainment, Inc. (NYSE:SEAS)

SEAS stock finished the regular session in negative territory by 0.44% (or -$0.06) at $13.48 with a total volume of 995,78o shares traded during the day

SeaWorld Entertainment. which operates as a theme park and entertainment company, has 88.86M Shares Outstanding, Market Capitalization (intraday) of $1.20B and SEAS stock one-year range is from $11.77 to $21.85 per share

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