Shaw Group reports flat sales in Q3, misses estimates - Blogging Stocks

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Shaw Group reports flat sales in Q3, misses estimates
Jul 10, 2009 02:00 PM UTC

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Filed under: International markets, Earnings reports, Industry, Commodities, Oil

The market giveth and the market taketh away -- all in the same day. I was looking at how Shaw Group (NYSE: SGR) performed on Thursday. The company, an engineering firm that provides services relating to the energy and environmental industry for both the government and the private sector, was up 5.6% at the close of trading yesterday, powered by superb volume. But, in the after-hours session, it went down nearly 6.4%.

And, yes, the sell-off was on the back of an earnings report. For the third quarter, Shaw Group made 57 cents per share, excluding its acquisition of Westinghouse. The company made 67 cents per share in last year's similar quarter, also adjusted for the acquisition. Net sales were essentially flat.

Continue reading Shaw Group reports flat sales in Q3, misses estimates

Shaw Group reports flat sales in Q3, misses estimates originally appeared on BloggingStocks on Fri, 10 Jul 2009 09:00:00 EST. Please see our terms for use of feeds.

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