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NEW YORK, Oct 29 (Reuters) - Engineering and construction company KBR Inc posted a 14 percent drop in quarterly profit on Thursday as energy producers reined in spending on new projects, but its profit topped Wall Street forecasts. Third-quarter net profit fell to $73 million, or 45 cents per share, from $85 million, or 51 cents per share, in the same quarter a year before. Revenue fell 6 percent to $2.84 billion. Analysts had expected the company to post earnings per share of 41 cents on revenues of $2.92 billion, according to Thomson Reuters I/B/E/S. Last month, a KBR joint venture won an estimated A$2.7 billion engineering and procurement contract for Chevron Corp's huge Gorgon liquefied natural gas project in Australia, after handling front-end design work for it. (Reporting by Matt Daily and Braden Reddall; Editing by Derek Caney) Keywords: KBR/ (braden.reddall@thomsonreuters.com; +1 415 677 2543; braden.reddall.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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