Matrix Service (MTRX) Misses Q3 EPS by 34c
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Matrix Service Company Reports Third Quarter Results
May 9, 2017 5:20 PM EDTTULSA, Okla., May 09, 2017 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy, power and industrial markets across North America, today reported financial results for its third quarter ended March 31, 2017.
Key highlights:
Increased cost estimate on an Electrical Infrastructure project results in profit reduction on work to date; minimal go forward profit margin expected on this projectUnder recovery of overhead due to continued low revenue volume also impacts earnings Results in the... More