Sterling Construction (STRL) Misses Q1 EPS Expectations
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Sterling Construction Company, Inc. Reports 2016 First Quarter Results and Reaffirms Guidance for 2016
May 2, 2016 7:14 AM EDTTHE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, Inc. (NasdaqGS: STRL) (Sterling or the Company) today announced financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Results Compared to First Quarter 2015:
Revenues were $126.6 million compared to $117.7 million; Gross margin was 3.0% of revenues compared to gross margin deficit of (5.8%); Operating loss was $6.5 million compared with an operating loss of $16.7 million; Net loss attributable to Sterling common stockholders was $7.3 million compared with a net loss of $17.0 million;... More