Foster Wheeler Q2 Earnings Up - Quick Facts

(RTTNews) - Engineering and construction contractor Foster Wheeler AG's (FWLT) second-quarter 2014 income from continuing operations rose to $85.6 million, or $0.85 per share, from $68.3 million, or $0.68 per share, last year.

Income from continuing operations in both quarterly periods was impacted by net asbestos-related gains and provisions, according to the company. Excluding these items from both quarterly periods, adjusted income from continuing operations in the second quarter of 2014 was $86.8 million, or $0.86 per share, compared with $54.6 million, or $0.54 per share, in the prior-year quarter. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly consolidated revenues (FW Scope) from continuing operations reached $725 million, versus $642 million reported a year back.