Willbros Group Inc. (WG) posted third quarter net income from continuing operations of $19.1 million or $0.46 per share, compared to $10.3 million or $0.32 per share in the prior year quarter.
Third quarter net income was $20.3 million or $0.49 per share, compared to $1.1 million or $0.06 per share in the year-ago period.
On average, 14 analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.42 per share.
Revenue from continuing operations was $490.7 million, up form $246.7 million in the third quarter last year. Ten Wall Street analysts expected revenues of $469.23 million.
Looking forward, for the fiscal year 2008, the company now expects earnings per share in a range of $1.85 to $1.95 from its previous forecast in a range of $1.75 to $2.00. Street analysts expect earnings of $1.90 per share.
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