PMFG, Inc. (PMFG) posted second-quarter net loss applicable to the company's common stockholders of $6.2 million or $0.47 per share compared with a net income of $494 thousand or $0.04 per share in the prior year period.
On a non-GAAP basis, net loss applicable to common stockholders was $421 thousand or $0.03 per share compared with a net income of $1.4 million or $0.11 per share in the previous year period. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter decreased to $24.5 million from $39.1 million in the year-ago period. Analysts expected revenues of $26.31 million for the quarter.
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