SOURCE: Industrial Info Resources

Industrial Info Resources

January 26, 2011 05:40 ET

U.S. E&C Companies Show Mixed Quarterly Results, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 26, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering and construction (E&C) firms Halliburton Company (NYSE:HAL) (Houston, Texas) and Jacobs Engineering Group Incorporated (NYSE:JEC) (Pasadena, California) reported quarterly fiscal earnings this week. Halliburton's fourth quarter of the 2010 fiscal year ended December 31, 2010, while the first quarter of Jacobs' fiscal year 2011 ended the same day. 

While Haliburton's quarterly earnings were up from the previous year, Jacobs' earnings were down about 9% year over year. The Shaw Group Incorporated (NYSE:SHAW) (Baton Rouge, Louisiana), which reported its first-quarter 2011 results earlier this month, showed sharp declines from the previous year, primarily due to a court verdict forcing Shaw to pay damages to Xcel Energy Company (NYSE:XEL).

Industrial Info is tracking more than $130 billion in projects involving Halliburton, Shaw and Jacobs, ranging from relatively small plant maintenance turnarounds to Shaw's multibillion-dollar nuclear projects. Information on these can be found in Industrial Info's North American and International Project Databases.

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