Layne Christensen Reports First Quarter Fiscal 2017 Results

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Go back to Layne Christensen Reports First Quarter Fiscal 2017 Results

Layne Christensen (LAYN) Misses Q1 EPS by 14c; Sees Return to Profitablity in FY18

June 6, 2016 6:02 PM EDT

Layne Christensen (NASDAQ: LAYN) reported Q1 EPS of ($0.45), $0.14 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $159.7 million versus the consensus estimate of $160.24 million.

Michael J. Caliel, President and Chief Executive Officer of Layne, commented, "Our first quarter results reflect our continued progress on several fronts and the challenges we continue to face in the minerals market. Notably, Inliner delivered another quarter of strong performance driven... More