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Concrete Pumping: Fiscal 4Q Earnings Snapshot

January 12, 2021 GMT

DENVER (AP) _ Concrete Pumping Holdings, Inc. (BBCP) on Tuesday reported a fiscal fourth-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier.

The Denver-based company said it had a loss of 5 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The company posted revenue of $79.2 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $79.8 million.

For the year, the company reported that its loss widened to $61 million, or $1.19 per share. Revenue was reported as $304.3 million.

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Concrete Pumping expects full-year revenue in the range of $300 million to $310 million.

In the final minutes of trading on Tuesday, the company’s shares hit $4.55. A year ago, they were trading at $5.42.

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