Granite Construction (GVA) Tops Q1 EPS by 1c, Beats on Revenues

Granite Construction (NYSE: GVA) reported Q1 EPS of ($0.29), $0.01 better than the analyst estimate of ($0.30). Revenue for the quarter came in at $563.4 million versus the consensus estimate of $541.15 million.

Outlook and Guidance

"Our results and our outlook reflect our focus on execution of our strategic and operating plans, building and investing to capture the benefits of positive market trends. Demand continues to point to growth fueled by private market opportunities now combining with improving public funding trends across geographies and end markets. These early-stage dynamics point to broad opportunities for the next three years or more. Aligned to our emphasis on efficiency and disciplined cost control, our expectations for steady top-line growth and solid bottom-line improvement remain in place across our business for 2018 and beyond," said Roberts.

For earnings history and earnings-related data on Granite Construction (GVA) click here.

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