Great Lakes Dredge & Dock Posts Q2 Loss - Quick Facts

(RTTNews) - Great Lakes Dredge & Dock Corp. (GLDD) reported a second-quarter net loss to company of $25.24 million or $0.42 per share, compared to profit of $1.27 million or $0.02 per share, a year ago. The company noted that its net loss for the quarter included a $21.5 million noncash charge for goodwill impairment related to the demolition segment.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.08 for the quarter. Analytsts' estimates typically exclude special items.

Contract revenues were $152.86 million, compared to $163.11 million last year. Analysts expected revenue of $191.83 million for the quarter.