Graham Corp Earnings Decline 53% In Q2

(RTTNews) - Graham Corp (GHM) revealed a profit for second quarter that declined from last year.

The company said its earnings fell to $1.98 million, or $0.20 per share. This was lower than $4.19 million, or $0.41 per share, in last year's second quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 35.9% to $22.80 million. This was down from $35.57 million last year.

Graham Corp earnings at a glance:

-Earnings (Q2): $1.98 Mln. vs. $4.19 Mln. last year. -Earnings Decline (Y-o-Y): -52.7% -EPS (Q2): $0.20 vs. $0.41 last year. -EPS Decline (Y-o-Y): -51.2% -Analysts Estimate: $0.13 -Revenue (Q2): $22.80 Mln vs. $35.57 Mln last year. -Revenue Change (Y-o-Y): -35.9%

-Guidance: Full year revenue guidance: $95 - $105 Mln