<< Read Full Article
<< Read Full Article
Foster Wheeler Halves Profit, Shares Tumble
Construction and engineering company Foster Wheeler(FWLT Quote) said its first-quarter profit was nearly halved, impaired by the stronger dollar, lower work volumes and a higher tax rate.
The news sent shares tumbling in early trading, down 7% to $22.40.
During the quarter, the company earned $72.9 million, or 57 cents per share, compared with $138.5 million, or 95 cents per share, a year earlier. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet