December 21, 2010 / 3:37 PM / in 7 years

UPDATE 1-Orion Marine Group cuts 2010 rev forecast

1 Min Read

* Expects full year rev $345-$355 mln

* Had earlier forecast $360-$370 mln

Dec 21 (Reuters) - Marine contractor Orion Marine Group (ORN.N) lowered its 2010 revenue forecast to $345-$355 million, citing production-related issues.

The company, which had backed its earlier forecast of $360-$370 million in November, cited changes in anticipated timing as well as production issues at three projects for the forecast cut.

Shares of the Houston-based company were trading down at $11.79 on Tuesday on the New York Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Don Sebastian)

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