Foster Wheeler AG (FWLT) reported fourth quarter adjusted net income of $0.27 per share Friday morning, down from $0.39 per share last year. The consensus estimate was for EPS of $0.46. The company expects to report full year 2013 adjusted EPS to be flat to moderately down as compared to the $1.54 reported in 2012. The consensus estimate is for EPS of $2.05.
Foster Wheeler gapped open sharply lower Friday and is now down 4.02 at $20.04 on above average volume. The stock has dropped to over a 5-month low.
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