Concrete Pumping: Fiscal 4Q Earnings Snapshot
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.
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.