Granite Construction (GVA) 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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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.