Construction Partners raises FY revenue outlook; shares jump

Construction Partners

05/05/2023 20:52

** Shares of civil infrastructure co Construction Partners Inc  ROAD.O  up 14.24% at $27.83
    ** Co raises forecast for 2023 revenue; sees rev between $1.53 bln and $1.58 bln - mid-point
above analysts' est of $1.54 bln
    ** Co posts smaller-than-expected Q2 loss per share
    ** Q2 rev of $324.85 mln beats analysts' est. of $282.66 mln
    ** ROAD stock up 3.86% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))