11.01.2008

KBR 3Q profit rose 35% as revenue climbs

Recession? No recession in the "Engineering and Construction" business (wink wink). - Ed.

Engineering and construction firm KBR Inc. said Friday its third-quarter profit increased 35 percent, led by strong revenue from a company it bought this spring.

Net income rose to $85 million, or 51 cents per share, in the three months ended Sept. 30. That compared with $63 million, or 37 cents, a year earlier.

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