Great Lakes Dredge & Dock Corporation (GLDD) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Great Lakes Dredge & Dock Corporation (GLDD) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.01. The company posted revenue of $192.19 million in the period, compared to analysts expectations of $217.35 million. The company’s revenue was down -19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Great Lakes Dredge & Dock Corporation closed down -0.11 points or -2.49% at $4.3 with 1,10,117 shares getting traded on Tusday. Post opening the session at $4.42, the shares hit an intraday low of $4.28 and an intraday high of $4.44 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Sep 15, 2015, Nathan Leight (director) purchased 12,900 shares at $5.24 per share price. According to the SEC, on Jun 15, 2015, Maryann Waryjas (SVP & Chief Legal Officer) purchased 5,200 shares at $5.89 per share price. On May 11, 2015, Jonathan W Berger (CEO) purchased 3,595 shares at $5.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Great Lakes Dredge & Dock Corporation (Great Lakes) is a provider of dredging services. Great Lakes provides dredging services in the East West and Gulf Coasts of the United States and around the world. The Company operates in two segments: Dredging Operations which involves in the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil sand or rock and Environmental & Remediation Operations which provides soil water and sediment environmental remediation for clients in both the public and private sectors in the United States. The Company has a 50% interest in Amboy Aggregates (Amboy) a sand dredging operation in New Jersey; A 50% interest in Lower Main Street Development LLC (Lower Main) land development and sale business and a 50% interest in TerraSea Environmental Solutions (TerraSea) a remediation business.

Great Lakes Dredge & Dock Corporation

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