Great Lakes Dredge & Dock Co. (GLDD) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02, MarketBeat reports. The firm earned $238.90 million during the quarter, compared to the consensus estimate of $227.10 million. During the same quarter in the prior year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 29.3% on a year-over-year basis.

Separately, Zacks raised Great Lakes Dredge & Dock Co. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th.

In other Great Lakes Dredge & Dock Co. news, SVP Maryann Waryjas purchased 5,200 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $5.90 per share, with a total value of $30,680.00. The transaction was disclosed in a document filed with theSecurities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nathan Leight acquired 15,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $5.98 per share, with a total value of $89,700.00. The disclosure for this purchase can be found here.

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