Northwest Pipe Company (NWPX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $-0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $-0.86. The company posted revenue of $42.06 million in the period, compared to analysts expectations of $38.15 million. The company’s revenue was down -21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.71 EPS.
Northwest Pipe Company closed down -0.1 points or -0.88% at $11.3 with 33,026 shares getting traded on Friday. Post opening the session at $11.35, the shares hit an intraday low of $11.0465 and an intraday high of $11.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 16, 2016, Harry L Demorest (director) purchased 1,000 shares at $9.31 per share price.
Northwest Pipe Company is a North American manufacturer of large diameter high-pressure steel pipeline systems for use in water infrastructure applications primarily related to drinking water systems. The Company operates through two segments: Water Transmission and Tubular Products. The Company’s Water Transmission segment primarily produces steel pipeline systems for use in drinking water infrastructure. The Tubular Products segment primarily produces steel line pipe products for energy applications. The Company manufactures other welded steel pipe products for use in a range of applications including energy construction agriculture and industrial uses. The Company’s pipeline systems are also used for hydroelectric power systems wastewater systems and other applications. The Company also makes products for industrial plant piping systems and certain structural applications.