Granite Construction falls after surprise loss

Granite Construction Incorporated

02/05/2023 19:32

** Shares of infrastructure company Granite Construction Inc  GVA.N  down 4.4% at $36.6
    ** Reports surprise Q1 loss per share of 41 cents, excluding items, compared to Wall street
estimates of EPS of 3 cents, according to Refinitiv
    ** Also reports Q1 rev of $560 mln, missing analyst estimates of $654.4 mln 
    ** Reiterates 2023 guidance
    ** GVA shares up 4.2% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))