Granite Construction (GVA) Misses Q2 EPS by 24c; Lowers Outlook

Granite Construction (NYSE: GVA) reported Q2 EPS of $0.38, $0.24 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $768 million versus the consensus estimate of $838.22 million.

GUIDANCE:

For the 2022 fiscal year, the Company is revising adjusted EBITDA margin guidance to a range of 5.5% - 6.5% from a range of 6% - 8%.

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

You May Also Be Interested In

• Delta Air Lines (DAL) Tops Q2 EPS by 3c, Beats on Revenue; Offers Guidance
• Kura Sushi (KRUS) Tops Q3 EPS by 3c; offers outlook
• Baird on Nurix (NRIX) Earnings Amid 7% Drop: '2Q Print Solid as Breadth of Development Expands'