Great Lakes Dredge & Dock Corp. Profit Drops In Q4, But Beats Estimates

(RTTNews) - Great Lakes Dredge & Dock Corp. (GLDD) reported a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $19.72 million, or $0.29 per share. This compares with $21.56 million, or $0.32 per share, last year.

Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 11.6% to $202.77 million from $181.73 million last year.

Great Lakes Dredge & Dock Corp. earnings at a glance (GAAP) :

-Earnings: $19.72 Mln. vs. $21.56 Mln. last year. -EPS: $0.29 vs. $0.32 last year. -Revenue: $202.77 Mln vs. $181.73 Mln last year.