HOUSTON (AP) — HOUSTON (AP) — Orion Marine Group Inc. (ORN) on Wednesday reported a loss of $4.4 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of 13 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The heavy civil marine contractor posted revenue of $201.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $191.3 million.
For the year, the company reported a loss of $17.9 million, or 55 cents per share. Revenue was reported as $711.8 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