Graham Corp Reports 32% Retreat In Q2 Earnings

(RTTNews) - Graham Corp (GHM) revealed earnings for second quarter that decreased compared to the same period last year.

The company said its profit dropped to $1.35 million, or $0.14 per share. This was down from $1.98 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.5% to $21.1 million. This was down from $22.8 million last year.

Graham Corp earnings at a glance:

-Earnings (Q2): $1.35 Mln. vs. $1.98 Mln. last year. -Earnings Decline (Y-o-Y): -31.8% -EPS (Q2): $0.14 vs. $0.20 last year. -EPS Decline (Y-o-Y): -30.0% -Analysts Estimate: $0.08 -Revenue (Q2): $21.1 Mln vs. $22.8 Mln last year. -Revenue Change (Y-o-Y): -7.5%

-Guidance: Full year revenue guidance: $85 - $95 Mln