Updated from 12:05 p.m. EDTShares of Shaw Group ( SGR) were among the NYSE's losers Monday, tumbling 14% after the engineering and construction-services company posted third-quarter results that fell well short of expectations and also announced an earnings restatement. For the period ended May 31, the company reported a loss of $16.7 million, or 21 cents a share, on revenue of $1.23 billion. Excluding items, the company reported a profit of $12.5 million, or 16 cents a share. Analysts polled by Thomson First Call expected earnings of 37 cents a share, before items, on revenue of $1.2 billion. Last year, Shaw reported a third-quarter loss of $21.7 million, or 31 cents a share, on revenue of $891 million. "Our financial results for the third quarter of fiscal 2006 reflected higher activity compared to the prior year in each of our business units," the company said. "However, revenues from emergency response and disaster relief work were less than anticipated, as certain task orders totaling in excess of $100 million were cancelled." Meanwhile, Shaw Group said that accounting errors would force it to restate second-quarter earnings lower. Second-quarter earnings will be restated to $21.8 million, or 27 cents a share, down from a previously reported $25.3 million, or 31 cents a share. "Management has determined that the errors leading to the restatement are the result of material weaknesses in our internal controls over financial reporting," Shaw said. Shares closed down $3.67 to $22.08. Cash America International ( CSH) rose 9% after the operator of pawn shops lifted its second-quarter earnings projection. The company expects to report earnings of 30 cents to 31 cents a share, up from an earlier forecast of 26 cents to 28 cents a share. Analysts project earnings of 28 cents a share. "Greater revenue growth and profit margins from the retail disposition of merchandise and higher margins on the sale of refined gold combined with an increase in service charges on pawn loans to drive the higher than expected earnings for the quarter," the company said. Cash America plans to issue second-quarter results on July 27. Separately, the company said it will buy online lender CashNetUSA for about $35 million. The acquisition is expected to close within 60 days. "By expanding our product delivery platform to include internet access, we believe that we are positioned to serve a new customer segment beyond the reach of our current bricks and mortar lending locations," Cash America said. Shares advanced $2.78 to $33.59.