AP NEWS
Click to copy
Click to copy

Mistras: 2Q Earnings Snapshot

August 5, 2019

PRINCETON JUNCTION, N.J. (AP) _ Mistras Group Inc. (MG) on Monday reported second-quarter net income of $7.4 million.

On a per-share basis, the Princeton Junction, New Jersey-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring gains, came to 22 cents per share.

The engineering services company posted revenue of $200.6 million in the period.

Mistras expects full-year revenue in the range of $765 million to $785 million.

Mistras shares have fallen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.37, a decrease of 30% 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 MG at https://www.zacks.com/ap/MG

All contents © copyright 2019 The Associated Press. All rights reserved.