WSP Holdings Ltd. (WH) Tuesday reported a wider loss for the first quarter on lower revenues as well as weak margins.
The Wuxi, China-based company's attributable net loss for the first quarter was $16.6 million or $0.81 per ADS, compared to $13.7 million or $0.67 per ADS last year.
Total revenues for the quarter dropped 1.3 percent to $129.5 million from $131.2 million in the prior-year quarter.
For the quarter, gross margin decreased to 2.1 percent from 9.1 percent in the year-ago quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.