Granite Construction Incorporated (GVA) Q3 2011 Earnings Results

Granite Construction Beats on EPS, Stock Up 4.55%

Granite Construction's strong EPS performance of $0.93, which exceeded expectations by over 34%, led to a positive stock reaction, with shares rising 4.55%. The company did not provide revenue figures or future guidance, leaving some uncertainty for investors. Overall, the earnings report reflects solid performance but raises questions about future growth.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.93	N/A	+34.01%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the EPS results, highlighting operational efficiency as a priority. However, no specific guidance was provided for future performance.

We are pleased with our EPS performance this quarter.

Our focus remains on maintaining operational efficiency.

Granite Construction Beats on EPS, Stock Up 4.55%

Key numbers

Management commentary

Granite Construction Incorporated

More earnings this week

Granite Construction Beats on EPS, Stock Up 4.55%

Key numbers

Management commentary