Limbach Holdings: Drops on bigger first-quarter loss

Limbach Holdings

14/05/2021 15:15

** Shares of infrastructure services firm  LMB.O  drops 11%
to $9.50
    ** Stock trading at lowest in nearly two weeks
    ** LMB's Q1 net loss widened to 25 cents/shr, from a
cent/shr a year earlier
    ** Co also reported an 18.3% slump in revenue to $113.3 mln
for  urn:newsml:reuters.com:*:nBw5QjZvka
    ** LMB says that because of a more rigorous project
selection process to improve profitability, revenue plunged
22.5% in general contractor relationships, the company's biggest
business
    ** Stock down nearly 21% this year

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))