Shaw Group (SHAW) Beats Estimates

Shaw Group Inc. (NYSE: SHAW) reported its Q1 earnings last night.

The company recorded a loss of $20.5 million. However, it beat the street consensus, which had predicted an EPS of 47 cents per share. Shaw Group reported an EPS of 57 cents. It also topped analysts’ estimates of revenue.

The firm posted $1.86 billion in revenue in comparison to the earlier estimates of $1.76 billion. The company's Westinghouse segment also suffered from negative foreign exchange. Shaw Group's net income fell by 22.6% year on year. The firm had earned a net income of $62.8 million in Q1Y09, which declined to $48.6 million in Q1Y10.