Investing.com - SNC-Lavalin Group reported second quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-1.71 on revenue of C$2.28B. Analysts polled by Investing.com anticipated EPS of C$-0.59 on revenue of C$2.42B. That compared to EPS of C$0.65 on revenue of C$2.53B in the same period a year earlier. The company had reported EPS of C$0.21 on revenue of C$2.36B in the previous quarter.
SNC-Lavalin Group shares lost 11.16% to trade at C$18.55 in intra-day trade following the report.
For the year, SNC-Lavalin Group shares are up 12.09%, under-performing the S&P/TSX which is up 15.57% year to date.
SNC-Lavalin Group follows other major Capital Goods sector earnings this month
On Thursday, Bombardier A reported second quarter EPS of C$-0.05 on revenue of C$5.66B, compared to forecasts of EPS of C$-0.02 on revenue of C$5.43B.
Aecon Group Inc. earnings beat analyst's expectations on Thursday, July 25, 2019, with second quarter EPS of C$0.31 on revenue of C$867.3M (NYSE:MMM). Investing.com analysts expected EPS of C$0.2 on revenue of C$769.96M
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