Babcock & Wilcox Enterprises Inc (BW) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.18. The company posted revenue of $383.20 million in the period, compared to analysts expectations of $432.54 million. The company’s revenue was down -12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Babcock & Wilcox Enterprises Inc closed down -0.22 points or -1.42% at $15.24 with 5,97,284 shares getting traded on Monday. Post opening the session at $15.4, the shares hit an intraday low of $15.19 and an intraday high of $15.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jan 27, 2016, Wendy S Radtke (SVP and Chief HR Officer) purchased 1,580 shares at $19.03 per share price. According to the SEC, on Nov 17, 2015, E James Jr Ferland (CEO) purchased 30,000 shares at $17.29 per share price.
Babcock & Wilcox Enterprises Inc. is engaged in engineering manufacturing procurement and erection of equipment and technology which is used in the power generation industry and other industries. The Company is a technology-based provider of fossil and renewable power generation equipment which includes boiler products and environmental systems and services for power and industrial uses. It operates through three segments including Global Power which consists of boiler and environmental products businesses that serves large steam generating and industrial customers; Global Services which provides a mix of products and services to support availability of steam generating and associated environmental and auxiliary equipment that serve steam generating utility and industrial customers and Industrial Environmental which represents its environmental products and services business which serves industrial end markets such as chemical and pharmaceutical among others.