Gulf Island Fabrication: 2Q Earnings Snapshot

By The Associated Press

Posted Aug 4, 2020 07:24:52 PM.

Last Updated Aug 4, 2020 07:40:58 PM.

This article is more than 5 years old.

HOUSTON (AP) _ Gulf Island Fabrication Inc. (GIFI) on Tuesday reported a loss of $5.5 million in its second quarter.

The Houston-based company said it had a loss of 36 cents per share.

The builder of structures for the offshore petroleum industry posted revenue of $60 million in the period.

In the final minutes of trading on Tuesday, the company’s shares hit $3.14. A year ago, they were trading at $6.80.

_____

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

The Associated Press

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