Granite Construction (GVA) Misses Q2 EPS by 24c; Lowers Outlook

Granite Construction (NYSE: GVA) reported Q2 EPS of $0.38, $0.24 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $768 million versus the consensus estimate of $838.22 million.

GUIDANCE:

For the 2022 fiscal year, the Company is revising adjusted EBITDA margin guidance to a range of 5.5% - 6.5% from a range of 6% - 8%.

For earnings history and earnings-related data on Granite Construction (GVA) click here.

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