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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