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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