Radar Movers: KBR Sinks 6%, American Express to Cut 5,400 Jobs

Shares of KBR (NYSE:KBR) plunged more than 6 percent in late afternoon trading. Due to higher-than-expected charges, the company reduced its 2012 earnings forecast. It now expects earnings per share between $1.95 and $2.10, compared to its previous forecast of $2.60 to $2.80 a share.