Sunday, April 13, 2008

Construction and Engineering Companies Sink As Markets Fall on Lower 1Q Results From GE

NEW YORK (AP) -- Shares of construction and engineering companies opened lower on Friday as the broader markets dipped after General Electric Co. reported first-quarter profit that was lower than analysts expected.

Here's how some construction and engineering companies fared Friday morning:

Layne Inc., down $1.04, or 2.4 percent, to $42.27

Mastec Inc., down 5 cents to $8.33

Granite Construction Inc., down 95 cents, or 2.8 percent, to $32.84

Astec Industries Inc., down $1.33, or 3.4 percent, to $37.38

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