Foster Wheeler Ltd. (FWLT). The Clinton, NJ-based engineering and construct company today said adjusted fourth-quarter income dropped to $80.6 million, or 56 cents a share, compared with $85.9 million, or 60 cents a share, a year-ago.
Revenue for the quarter rose to $1.47 billion from last year's $1.19 billion.
The company was anticipated to earn 76 cents a share. The stock is down 7 points to $72.50 premarket.
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