Gulf Island Fabrication: 2Q Earnings Snapshot
HOUSTON (AP) _ Gulf Island Fabrication Inc. (GIFI) on Thursday reported second-quarter net income of $549,000, after reporting a loss in the same period a year earlier.
The Houston-based company said it had profit of 4 cents per share.
The builder of structures for the offshore petroleum industry posted revenue of $54 million in the period.
Gulf Island Fabrication shares have declined 36 percent since the beginning of the year. The stock has fallen 25 percent in the last 12 months.