Graham Corp Q2 Earnings Fall 86%

(RTTNews) - Graham Corp (GHM) released a profit for second quarter that lost ground from last year.

The company said its earnings fell to $0.2 million, or $0.02 per share. This was down from $1.4 million, or $0.14 per share, in last year's second quarter.

Analysts had expected the company to earn $0.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.5% to $17.2 million. This was down from $21.1 million last year.

Graham Corp earnings at a glance:

-Earnings (Q2): $0.2 Mln. vs. $1.4 Mln. last year. -Earnings Decline (Y-o-Y): -85.7% -EPS (Q2): $0.02 vs. $0.14 last year. -EPS Decline (Y-o-Y): -85.7% -Analysts Estimate: $0.00 -Revenue (Q2): $17.2 Mln vs. $21.1 Mln last year. -Revenue Change (Y-o-Y): -18.5%

-Guidance: Full year revenue guidance: $75 - $80 Mln