Layne Christensen Co. (LAYN) reported a fourth quarter net loss from continuing operations of $0.91 per share Monday morning, compared to the loss of $0.18 per share a year ago. The consensus estimate was for a loss of $0.29.
Layne Christensen declined during the first half of the morning Monday and slipped further going into the close. Shares finished down by 2.26 at $18.23 on above average volume. The stock closed testing the lows of the year, trading at a 7-month high.
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