ENGlobal Corp (ENG) Reports a Q2 Loss
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Price: $0.85 -3.41%
EPS Growth %: 0.0%
Financial Fact:
Gross profit: 5.8M
Today's EPS Names:
CO, JW-A, FDS, More
EPS Growth %: 0.0%
Financial Fact:
Gross profit: 5.8M
Today's EPS Names:
CO, JW-A, FDS, More
Trade ENG Now!
ENGlobal Corp (NASDAQ: ENG) reported Q2 EPS of ($0.37) vs. the analyst estimate of $0.02 (only 1 analyst covers). Revenue for the quarter came in at $76.9 million versus the consensus estimate of $81 million.
CEO said, "While ENGlobal's second quarter of 2012 produced poor results, the majority of the loss is attributable to events we expect to be non-recurring. The largest portion relates to a non-cash charge being taken against our deferred tax assets. In addition, there were charges on one project that has been completed and on another we expect will be completed in the near future in our discontinued operations."
For earnings history and earnings-related data on ENGlobal Corp (ENG) click here.
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CEO said, "While ENGlobal's second quarter of 2012 produced poor results, the majority of the loss is attributable to events we expect to be non-recurring. The largest portion relates to a non-cash charge being taken against our deferred tax assets. In addition, there were charges on one project that has been completed and on another we expect will be completed in the near future in our discontinued operations."
For earnings history and earnings-related data on ENGlobal Corp (ENG) click here.
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