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4-Traders Homepage  >  Equities  >  Nyse  >  Granite Construction Inc.    GVA

Delayed Quote. Delayed  - 04/29 10:02:05 pm
44.59 USD   -2.11%
04/29 GRANITE CONSTRU : reports 1Q loss
04/29 GRANITE CONSTRU : Reports First Quarter 2016 Results
04/28 GRANITE CONSTRU : Cash And Short-Term Investment Was $277.879 Millio..
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Granite Construction : reports 1Q loss

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04/29/2016 | 12:58pm CEST

WATSONVILLE, Calif. (AP) _ Granite Construction Inc. (GVA) on Friday reported a loss of $11.2 million in its first quarter.

On a per-share basis, the Watsonville, California-based company said it had a loss of 28 cents.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The contractor and construction materials producer posted revenue of $439.5 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $444.7 million.

Granite Construction shares have increased 6 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GVA at http://www.zacks.com/ap/GVA

Keywords: Granite Construction, Earnings Report

Automated Insights, source Associated Press News

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