Granite Reports Fourth Quarter and Fiscal Year 2016 Results

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Granite Construction (GVA) Misses Q4 EPS by 18c; Sees FY17 Revs Up Low-Single Digits

February 17, 2017 7:00 AM EST

Granite Construction (NYSE: GVA) reported Q4 EPS of $0.40, $0.18 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $666.7 million versus the consensus estimate of $685.85 million.

Outlook

Last November, voters across the country approved more than $200 billion of long-term infrastructure investment in the form of local measures, with the majority of this in California and Washington State, Roberts continued. In... More