Granite Construction Net Loss Widens In Q1

(RTTNews) - Granite Construction Inc. (GVA), Thursday announced the first-quarter results, reporting a net loss of $34 million or $0.77 a share, compared to a net loss of $31 million or $0.70 a share in the prior year.

On adjusted basis, the company's earnings stood at $224 thousand or $0.01 per share, compared with a loss of $9 million or $0.21 per share last year.

For the quarter, revenue increased to $700 million from $672 million in the previous year.

Looking ahead, the company sees revenue in the range of $4.2 billion to $4.4 billion for the full year 2025.

In the pre-market hours, GVA is trading at $79.71, down 1.94 percent on the New York Stock Exchange.