Foster Wheeler dropped close to fifteen percent as the company’s results fell well below the Streets expectations.

According to Thomson Financial, the engineering and construction services company’s earnings rose 23.8% to $78.1 million, or 54 cents per share, from $63.1 million, or 44 cents per share, a year earlier. Sales jumped 25.0% to $1.5 billion from $1.2 billion. Excluding special items, the company said it earned $80.6 million, or 56 cents per share, down from $85.9 million, or 60 cents, a year ago. Despite the big jumps, they fell short of Wall Street’s predicted 76 cents per share on sales of $1.42 billion, on average.

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