Industrial Good Stocks to Watch (FWLT, EMR, MWA)

Foster Wheeler Ltd. (NASDAQ:FWLT) surged 2.69% to $28.60. Net income for the third quarter fell to $51.7 million, or 41 cents per share, from $90 million, or 71 cents per share, in the year-ago quarter.

Excluding one-time items, earnings of 40 cents per share fell short of the 51 cents per share that analysts had on average forecast, according to Thomson Reuters.

Over the past 52-week, the stock had traded within the range of $20.33-$28.68. At today`s closing market price, the market capitalization of the company stood at $3.65 billion.

Emerson Electric Co. (NYSE:EMR) slid 0.20% to $56.07. Net earnings rose 48 percent to $749 million, or 98 cents per share, in the fiscal fourth quarter ended September 30, compared with $506 million, or 67 cents per share a year earlier.

Excluding items, Thomson Reuters calculates that Emerson earned 81 cents per share from continuing operations, 3 cents more than the average estimate.

Revenue rose 14 percent to $5.84 billion, compared with Wall Street forecasts for sales of $5.89 billion.

The company forecast total 2011 sales will rise 12 percent to 15 percent and operating profit margins above 2010's level.

Mueller Water Products, Inc. (NYSE:MWA) went up 0.92% to $3.30. Last week, the company posted a fourth quarter net loss of $7.0 million or $0.05 per share, compared to a loss of $11.0 million or $0.09 per share in the same period a year-ago.

Adjusted net income for the period was $0.2 million or breakeven per share, compared to a net loss of $4.1 million or $0.03 per share in the year-ago period.

On average, 12 analysts polled by Thomson Reuters expected the company to report breakeven earnings per share. Analysts' estimates typically exclude special items.

Net sales for the quarter were $346.7 million, compared to $374.8 million in the same period last year. Ten Wall Street analysts expected revenues of $363.16 million for the period.