Great Lakes Dredge & Dock Q1 EPS $0.31 Beats $0.07 Estimate, Sales $198.66M Beat $173.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Lakes Dredge & Dock (NASDAQ:GLDD) reported Q1 earnings of $0.31 per share, surpassing the $0.07 estimate, a 720% increase from last year's losses. Sales reached $198.66M, beating the $173.50M estimate, marking a 25.70% increase from the previous year.
May 07, 2024 | 12:09 pm
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Great Lakes Dredge & Dock reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.31 and sales at $198.66M.
The substantial beat on both earnings per share and sales estimates indicates strong company performance and operational efficiency. This outperformance, especially the significant increase from last year's losses, is likely to positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100