Mistras: 2Q Earnings Snapshot
Aug. 06, 2018
PRINCETON JUNCTION, N.J. (AP) _ Mistras Group Inc. (MG) on Monday reported second-quarter net income of $6 million.
The Princeton Junction, New Jersey-based company said it had profit of 20 cents per share. Earnings, adjusted for non-recurring costs, were 21 cents per share.
The engineering services company posted revenue of $191.8 million in the period.
Mistras expects full-year earnings to be 73 cents to 83 cents per share, with revenue in the range of $715 million to $730 million.
Mistras shares have dropped 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.80, a climb of 1 percent in the last 12 months.