Emcor Group: 2Q Earnings Snapshot
NORWALK, Conn. (AP) _ Emcor Group Inc. (EME) on Monday reported a second-quarter loss of $83.7 million, after reporting a profit in the same period a year earlier.
The Norwalk, Connecticut-based company said it had a loss of $1.52 per share. Earnings, adjusted for asset impairment costs, were $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The construction and maintenance company posted revenue of $2.01 billion in the period.
Emcor Group expects full-year earnings in the range of $5 to $5.50 per share, with revenue in the range of $8.6 billion to $8.7 billion.
Emcor Group shares have decreased 21% since the beginning of the year. The stock has decreased 18% in the last 12 months.