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Closing Glance: Heavy construction shares rise



By AP
10 July 2008 @ 04:15 pm EST

NEW YORK - Shares of construction and engineering companies traded higher on Thursday, helped by better-than-expected quarterly earnings from Shaw Group Inc.

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Quotes
SGR 49.66 -1.62
PWR 32.25 -0.2
FWLT 49.63 -1.11
MDR 35.11 0

SYMBOL LOOKUP

The Baton Rouge, La., company said its fiscal third-quarter earnings came in at an adjusted 70 cents per share, beating Wall Street estimates by 8 cents per share.

Here's how some shares of construction and engineering companies fared:

Shaw jumped $5.49, or 9.9 percent, to $60.80.

Quanta Services Inc. gained $1.26, or 4.3 percent, to $30.66.

Foster Wheeler Ltd. rose $3.35, or 5.5 percent, to $64.58.

McDermott International Inc. added $2.44, or 4.4 percent, to $58.43.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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