PMFG Inc. (PMFG) reported a first-quarter net loss applicable to stock holders of $2.1 million or $0.16 per share compared to a net loss of $0.7 million or $0.05 per share last year.
On a non-GAAP basis, net earnings was $1.3 million or $0.09 per share compared to $2.3 million or $0.17 per share last year.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $31.33 million from $43.66 million last year. Analysts expected revenue of $35.06 million for the quarter.
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