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Primoris Services: Q2 Earnings Snapshot
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DALLAS (AP) — DALLAS (AP) — Primoris Services Corp. (PRIM) on Tuesday reported a loss of $24.2 million in its second quarter.

On a per-share basis, the Dallas-based company said it had a loss of 45 cents. Losses, adjusted for one-time gains and costs, came to 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The construction contractor posted revenue of $1.69 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.7 billion.

Primoris Services expects full-year earnings in the range of $2.05 to $2.60 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRIM at https://www.zacks.com/ap/PRIM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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