Babcock & Wilcox Enterprises Inc. (BW) has reported an increased loss for its first quarter, which missed market predictions. The company announced a loss of $15.8 million, translating to $0.22 per share, in contrast to the loss of $12.7 million, or $0.18 per share, for the same period last year.
Market analysts had forecasted a narrower loss of $0.13 per share based on data compiled by Thomson Reuters. It's important to note that these predictions usually don't consider special items.
The company's revenue for the quarter also declined by 14.0%, dropping to $207.6 million in comparison to $241.3 million in the first quarter of the previous year.
Here's a quick overview of Babcock & Wilcox Enterprises Inc.'s earnings (following GAAP):
- Q1 Earnings: A loss of $15.8 million compared to a loss of $12.7 million last year.
- Q1 EPS: A loss of $0.22 per share compared to a loss of $0.18 per share last year.
- Q1 Revenue: $207.6 million compared to $241.3 million last year.
