HOUSTON (AP) — HOUSTON (AP) — Orion Marine Group Inc. (ORN) on Wednesday reported a loss of $660,000 in its third quarter.
The Houston-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The heavy civil marine contractor posted revenue of $168.5 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $191.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORN at https://www.zacks.com/ap/ORN