Granite Construction Inc. (GVA) reported third-quarter net income attributable to the company of $30.598 million compared to $51.738 million last year. Earnings per share attributable to shareholders decreased to $0.79 from $1.35 a year ago.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue was $720.3 million compared to $897.8 million last year. Analysts expected revenue of $749.39 million for the quarter.
The company now expects Granite West revenue in 2009 to be between $1.4 billion and $1.5 billion. The company expects Granite East revenue in 2009 to be in the range of $600.0 million and $650.0 million. Net income attributable to noncontrolling interests in joint ventures is now expected to be approximately $26.0 million for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.