Graham Corp Reveals 68% Drop In Q3 Bottom Line

(RTTNews) - Graham Corp (GHM) reported earnings for third quarter that retreated compared to the same period last year.

The company said its profit declined to $1.27 million, or $0.13 per share. This was lower than $3.99 million, or $0.39 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 48.5% to $17.32 million. This was down from $33.65 million last year.

Graham Corp earnings at a glance:

-Earnings (Q3): $1.27 Mln. vs. $3.99 Mln. last year. -Earnings Decline (Y-o-Y): -68.2% -EPS (Q3): $0.13 vs. $0.39 last year. -EPS Decline (Y-o-Y): -66.7% -Analysts Estimate: $0.11 -Revenue (Q3): $17.32 Mln vs. $33.65 Mln last year. -Revenue Change (Y-o-Y): -48.5%

-Guidance: Full year revenue guidance: $90 - $95 Mln