Foster Wheeler Ltd, (FWLT: chart), added that if not for the allocation, the company would have earned 23 cents a share, including expenses of 3 cents a share for its adoption of SFAS No. 123R. Revenue advanced to $646 million from $523 million. Backlog almost doubled to $1.2 billion, from $613.6 million.

Rural/Metro Corp, (RURL: chart), provider of medical transportation, reported its fiscal Q3 net loss advanced to 16 cents a share, from 13 cents a share a year earlier. The company added that Q3 earnings include 18 cents a share from discontinued operations. The company also announced a $2.5 million charge pre-tax charge related to an ongoing government investigation into certain of its former Texas operations. Revenue advanced 6.8% to $137.9 million.

Southern Union Co., (SUG: chart), energy company, reported Q1 earnings after the payment of preferred dividends of 82 cents a share, up from 81 cents a share a year ago. On a continuing operations basis, the company posted a profit of 60 cents a share, up from equivalent earnings of 48 cents a share a year-ago on revenue growth . The company missed analyst for a profit of 85 cents a share in Q1. Southern Union attributed the rise in earnings from continuing operations to improvement in its transportation and storage business and the acquisition of the Sid Richardson Energy Services business.

Ferro Corp, (FOE: chart), performance materials producer, reported net income for 2005 after payment of preferred dividends of 30 cents a share for the year, down from 55 cents a share in 2004. On a continuing operations basis, Ferro gained 32 cents a share, for 2005, down from a equivalent profit of 62 cents a share a year-ago. The periods include charges coming at 24 cents a share and 2 cents a share, respectively. Sales advanced 2% in 2005 in comparison to 2004. Ferro added that these results are still preliminary as it continues to work to complete its financial filings for the year, an effort it expects to finish in September.

Teva Pharmaceutical Industries Ltd, (TEVA: chart), pharmaceutical company, reversed to a Q1 loss of. $1.40 per ADR, down from a profit of 38 cents per ADR a year-ago. On an adjusted basis, before one-time charges, it earned 37 cents per ADR. The first quarter 2006 results includes a write off of $1.2 billion of in-process research and development and $64 million of inventory step-up in connection with the acquisition of Ivax, Teva added. The company missed analysts’ forecasts for a profit of 41 cents per ADR.

Legg Mason Inc., (LM: chart), asset manager, reported fiscal Q4 net income advanced to $1.03 a share, up vs. 98 cents in the year-ago quarter. The company missed analysts’ expectations for $1.25 a share.

Reliant Energy Inc., (RRI: chart), energy company, reported its Q1 net loss widened to 44 cents a share, from 8 cents a share in the year-earlier period despite revenue growth. Its loss from continuing operations rose to $81 million from $54 million. Adjusted EBITDA, advanced to $76 million from $21 million due to net gains from sales of emission allowances. The company missed analysts’ forecasts for a loss of 33 cents a share.