NEW YORK (TheStreet) -- Shares of KBR (KBR) - Get Report are sliding 3.49% to $14.11 in Friday afternoon trading after reporting in-line earnings and weaker-than-expected revenue for the 2016 second quarter. 

Before the market open, the engineering and construction firm reported earnings of 32 cents per share that met analysts' estimates.

Revenue fell to $1.01 billion from $1.38 billion a year ago and missed analysts' projections of $1.04 billion.

During the period, KBR said it booked $12 million in restructuring costs that were primarily related to severance expenses. As part of the restructuring, KBR hired government contractor Wyle for $570 million.

Inclusive of that cost, KBR maintained its full-year earnings forecast of between $1.20 and $1.45 per share. Analysts are looking for earnings of $1.30 for the year. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.

KBR's strengths such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations are countered by weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins.

You can view the full analysis from the report here: KBR

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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