Wednesday, July 11, 2007

Shaw Group to raise Q1 loss view

(Reuters) - The construction and engineering company said it expects a second quarter net loss of $74 million, or 93 cents per diluted share, and revenue of about $1.2 billion.




In the third quarter, Shaw sees net income of between 30 and 35 cents per diluted share, and revenue of $1.6 billion. Backlog for the fiscal third quarter ended May 31 was about $13.3 billion, it said.


Read more at Reuters.com Market News

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