(Adds Outlook)
For the full year, Granite Construction Inc. (GVA) expects revenue of $3.8 billion to $4 billion, in line with analysts' estimate of $3.85 billion. Capital expenditures are projected to be around $130 million to $150 million for the period.
Q4 Results:
For the fourth quarter, Granite Construction revealed a profit for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $25.998 million, or $0.55 per share. This compares with $22.052 million, or $0.46 per share, in last year's fourth quarter.
Excluding items, Granite Construction Inc. reported adjusted earnings of $36.287 million or $0.82 per share for the period.
Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.3% to $933.698 million from $789.213 million last year.
Granite Construction Inc. Q4 earnings at a glance (GAAP) :
-Earnings (Q4): $25.998 Mln. vs. $22.052 Mln. last year.-EPS (Q4): $0.55 vs. $0.46 last year.-Analyst Estimate: $0.88-Revenue (Q4): $933.698 Mln vs. $789.213 Mln last year.
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Business News
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.