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In a release Monday, the Mission Woods-basecd company (Nasdaq: LAYN) reported a loss of $11.35 million, or 59 cents a share, for the quarted that ended Jan. 31. This compares with earnings of $9.6 or 50 cents a share, the prior year. The company said the impairment chargse resulted from lower oil and gas reserves valuationsat year’s end caused by lower natural gas Eight analysts surveyed by reporterd a consensus earnings estimate of 40 cent a share for the quarterr and $2.35 a share for the full fiscalo year. Revenue for the quarter was $229.3 million, up 2.6 percent from $223.6 milliojn the prior year. For the fiscal year, the company reporte d earningsof $26.5 million, or $1.
37 a share, down 29 percentg from $37.3 million, or $2.20 a the prior fiscal Revenue for the year was a recors $1.01 billion, up 16 percent from $868.34 million the prior year. The company’as stock closed on Monday at $16.58, down $2.85, or 14.7 on volume of 808,661 shares, according to . The stock’s averager daily volume the past three monthsdis 263,316 shares. “The first quarter will be tougherd as we stair step downfrom fourth-quarte r revenues while trying to get costw in line with a lower revenue CEO Andrew Schmitt said in the release. Layne Christensen provides products and services for the mineral andenergy markets. It ranks No.
17 on the Kansas City BusinesesJournal ’s list of area public
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