Sterling Construction Company (STRL) reported quarterly earnings results on Monday, May-2-2016. The company reported $-0.37 earnings per share for the quarter, missing the analyst consensus estimate by $-0.33. Analysts had a consensus of $-0.04. The company posted revenue of $126.60 million in the period, compared to analysts expectations of $142.54 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.90 EPS.
Sterling Construction Company closed down -0.05 points or -0.93% at $5.31 with 1,02,045 shares getting traded on Wednesday. Post opening the session at $5.56, the shares hit an intraday low of $5.25 and an intraday high of $6.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Sterling Construction Company Inc. is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas Utah Nevada Arizona California Hawaii and other states. The Company’s transportation infrastructure projects include highways roads bridges and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.