Shaw Group Inc. (SHAW) reported a net loss attributable to the company of $20.5 million or $0.25 per share for the first quarter, compared to a loss of $39.9 million or $0.48 per share in the year-ago quarter.
Excluding investment in Westinghouse segment, net income was $48.6 million or $0.57 per share, compared to $62.8 million or $0.75 per share in the previous year quarter.
Revenues for the first quarter decreased to $1.86 billion from $1.90 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share on revenue of $1.76 billion for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.