Foster Wheeler (FWLT) NewsBite - FWLT Earnings Top Forecasts
Nov 04, 2009 (Fresh Brewed Media via COMTEX) --
Company: Foster Wheeler Ltd (FWLT)
Foster Wheeler (NasdaqNM: FWLT) opened at $30.60. So far today, the stock has hit a low of $30.30 and a high of $31.63. FWLT is now trading at $31.21, up $1.51 (5.08%). Over the last 52 weeks the stock has ranged from a low of $12.73 to a high of $35.82. FWLT reported earnings this morning, posting a third-quarter profit of $90 million, or 71 cents per share. Excluding one-time items, FWLT earned 72 cents per share, topping analysts' projections of 63 cents per share. Technical indicators for the stock are bullish and S&P gives FWLT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on FWLT the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 27 range.
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Company: Foster Wheeler Ltd (FWLT)
Related terms: earnings, forecasts, profit, S&P
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