Granite Construction Incorporated (GVA) Q2 2018 Earnings Results

Granite Construction Misses on EPS, Stock Down 12.85%

Granite Construction's disappointing earnings report reflects ongoing challenges in the market, particularly impacting their bottom line. The significant drop in stock price suggests investor concern over the company's ability to recover. Without any guidance for future performance, uncertainty remains about their strategic direction in the coming quarters.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$-0.20	N/A	-121.37%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Defensive

Management expressed concerns about current market conditions affecting profitability. They are prioritizing cost control to navigate these challenges.

Management acknowledged challenges impacting performance this quarter.

They emphasized a focus on cost management and operational efficiency moving forward.

Granite Construction Misses on EPS, Stock Down 12.85%

Key numbers

Management commentary

Granite Construction Incorporated

More earnings this week

Granite Construction Misses on EPS, Stock Down 12.85%

Key numbers

Management commentary