CB&I fourth-quarter profit rises

Wed Feb 27, 2013 5:21pm EST

Feb 27 (Reuters) - Chicago Bridge & Iron Co NV, having just completed its $3 billion takeover of Shaw Group Inc, reported higher-than-expected quarterly profits on Wednesday, helped by new projects.

The engineering firm had income of $89.6 million, or 91 cents per diluted share, compared with income of $70.5 million, or 70 cents per share in the same quarter a year earlier.

Analysts on average had expected a profit of 83 cents per share, according to Thomson Reuters I/B/E/S.

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