Granite Construction: 4Q Earnings Snapshot

February 20, 2019

WATSONVILLE, Calif. (AP) _ Granite Construction Inc. (GVA) on Wednesday reported fourth-quarter net income of $6.5 million.

The Watsonville, California-based company said it had net income of 14 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 50 cents per share.

The contractor and construction materials producer posted revenue of $892.3 million in the period.

For the year, the company reported profit of $42.4 million, or 96 cents per share. Revenue was reported as $3.32 billion.

Granite Construction shares have climbed 12 percent since the beginning of the year. The stock has declined 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GVA at https://www.zacks.com/ap/GVA