Granite Construction (GVA: Quote) reported fourth quarter net income of $0.46 per share Thursday morning, down from $0.48 per share in the previous year. The consensus estimate was for EPS of $0.63.
Granite Construction steadily declined until mid-morning Thursday and slipped further around midday. Shares finished down by 4.08 at $31.09, with volume at over a 9-month high. The stock sank to a 2 1/2 month low.
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by RTT Staff Writer
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