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Engineering and construction firm Foster Wheeler (FWLT +5.1%) gains in spite of posting a...
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Tuesday, May 1, 2012, 11:15 AM ETEngineering and construction firm Foster Wheeler (FWLT +5.1%) gains in spite of posting a disappointing Q1 this morning on lower revenue. Investors appear to be encouraged by a 77% rise in net earnings, as margins were boosted on a jump in operating profit and higher order bookings from its power group.
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