Shaw Group Inc. (SHAW) reported first quarter net income of $0.57 per share after the close Wednesday, excluding an investment in Westinghouse. The consensus estimate was for EPS of $0.45. Revenues dipped slightly to $1.86 billion from $1.90 billion last year. The stock is now up 1.51 on 31K shares.
Shaw Group traded to the upside until around 1:15PM Wednesday and finished higher by 0.71 at $29.75. The stock closed challenging the upper end of a 2 1/2 month range.
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