Great Lakes Dredge & Dock Corp. (GLDD) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $33.42 million, or $0.49 per share. This compares with $21.02 million, or $0.31 per share, last year.
Analysts on average had expected the company to earn $0.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.3% to $242.87 million from $198.66 million last year.
Great Lakes Dredge & Dock Corp. earnings at a glance (GAAP) :
-Earnings: $33.42 Mln. vs. $21.02 Mln. last year.
-EPS: $0.49 vs. $0.31 last year.
-Revenue: $242.87 Mln vs. $198.66 Mln last year.
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