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Sterling Construction Company Inc gives Q4, FY 2013 pre-tax earnings guidance below analysts' estimates


Tuesday, 4 Feb 2014 06:30am EST 

Sterling Construction Company Inc:Expects to report pre-tax losses for Q4 2013 in the range of $36 million to $38 million.Expects FY 2013 pre-tax losses in the range of $68 million to $70 million.Says it is attributing the losses primarily to additional write-downs on three large projects booked prior to 2012 in Texas, that continued to have a negative impact on profitability.Q4 2013 pre-tax profit of $7 million - Thomson Reuters I/B/E/S.FY 2013 pre-tax profit of $12 million - Thomson Reuters I/B/E/S. 

Company Quote

7.23
-0.08 -1.09%
15 Apr 2014