Stifel Nicolaus Downgrades Foster Wheeler (FWLT) to Hold

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Foster Wheeler (FWLT) Misses Q4 EPS by 19c; Guides FY13 adj.-EBITDA

March 1, 2013 7:11 AM EST

Foster Wheeler (NASDAQ: FWLT) reported Q4 EPS of $0.27, $0.19 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $735.28 million versus the consensus estimate of $976.55 million.

The company expects adjusted diluted earnings per share in 2013 to be flat to moderately down... More