Granite Reports Second Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq reaches record high close, AI stocks rally
- Meta AI agent triggers heavy selloff in banks, insurers, and travel stocks
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
Granite Construction (GVA) Misses Q2 EPS by 222c, Revenues Miss
August 2, 2019 6:57 AM EDTGranite Construction (NYSE: GVA) reported Q2 EPS of ($1.83), $2.22 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $789.5 million versus the consensus estimate of $932.35 million.
Results impacted by previously announced non-cash after-tax charges of $106.7 million (before-tax $143.7 million) related to four legacy, unconsolidated Heavy Civil joint venture projects
Revenue was $789.5 million, including $114.2 million in revenue reduction due to charges
Strong June operational and financial performance following wet weather impacts through May
Committed and Awarded Projects1 (CAP) was a record $4.9 billion, up 33.4 percent year-over-year, up 8.9 percent sequentially
Public and private market demand remains... More
