Thursday, The Shaw Group Inc. (SHAW) reported lower net income of $10.7 million or $0.13 per share for the fourth quarter, compared to a net income of $82.6 million or $0.98 per share a year ago. Excluding Westinghouse segment, net income declined to $40.5 million or $0.48 per share from $64.7 million or $0.77 per share.
Revenues for the quarter increased to $1.9 billion from $1.8 billion in the year-earlier quarter. Analysts, on a consensus, expected earnings of $0.47 per share on revenues of $1.79 billion for the quarter.
For fiscal 2010, the company expects earnings per share, excluding Westinghouse segment, in the range of $2.10 to $2.20 and revenue of $7.0 billion. Analysts are looking for consensus earnings of $2.00 per share on revenues of $7.21 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.