Limbach Holdings on pace for worst day ever after surprise loss

Limbach Holdings

15/08/2019 15:52

** Shares of Limbach Holdings Inc  LMB.O  down as much as
37% at $5.30 in morning trade
    ** Stock set to see biggest percentage drop ever, if losses
hold; among top percentage losers across all exchanges
    ** Co posts Q2 loss of 13 cents/shr vs. analysts' est of a
profit of 19 cents/shr, according to IBES data from Refinitiv;
Q2 hurt by higher expenses -  urn:newsml:reuters.com:*:nASB01ZFX
    ** Loss represents an earnings surprise of -168.4% 
    ** Co has missed profit estimates 6 times in the past 8
qtrs, with the biggest miss in Q1, 2018 (-1300%)
    ** Despite session's losses, stock up 53% this year vs
Nasdaq's  .IXIC  17.3% rise

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))