logo
Share SHARE
FONT-SIZE Plus   Neg

Babcock & Wilcox Posts Higher Q4 Profit

Babcock & Wilcox Co. (BWC) reported net income for the fourth quarter of $64.3 million or $0.54 per share, compared to $52.9 million or $0.45 per share for the year-ago quarter.

Fourth quarter revenues rose 13.6% to $800.78 million from $705.16 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.41 per share on revenue of $769.19 million for the fourth quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gold rallied Thursday morning as presumptive GOP nominee Donald Trump proclaimed himself a "low interest rate person" who would push for new leadership at the Federal Reserve. Trump said he would not reappoint current Fed Chair Janet Yellen, who happens to be one of the architects of the Fed's current... Merck & Co. Inc.(MRK) reported a profit for the first-quarter that grew 18 percent from the prior year, while quarterly sales declined 1 percent. Adjusted earnings per share topped analysts' expectations, while quarterly sales missed their estimates. Shares of WM Morrison Supermarkets Plc were gaining more than 4 percent in the early Thursday morning trading as it reported 0.7 percent increase in first-quarter like-for-like sales excluding fuel. LFL sales were up 1.2 percent, including fuel.
comments powered by Disqus
Follow RTT