{"id":170047,"date":"2023-01-24T17:27:17","date_gmt":"2023-01-24T17:27:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170047"},"modified":"2023-01-24T17:27:17","modified_gmt":"2023-01-24T17:27:17","slug":"concrete-pumping-jumps-8-as-q4-results-beat-estimates","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/concrete-pumping-jumps-8-as-q4-results-beat-estimates\/","title":{"rendered":"Concrete Pumping Jumps 8% As Q4 Results Beat Estimates"},"content":{"rendered":"
Shares of Concrete Pumping Holdings, Inc. (BBCP) are rising more than 8% Tuesday morning after reporting better-than-expected fourth-quarter results.<\/p>\n
Profit in the fourth quarter increased 170% to $8.1 million or $0.14 per share from $3 million or $0.05 per share a year ago. On average, 4 analyts polled by Thomson-Reuters expected the company to report earnings of $0.6 per share.<\/p>\n
Revenue increased 31% to $114.9 million from $87.8 million last year helped by growth in all segments. The consensus estimate stood at $96.62 million.<\/p>\n
Looking forward, the company expects full-year revenue to range between $420 million and $445 million. Analysts’ expectation is for $443.2 million.<\/p>\n
BBCP is at $7.06 currently. It has traded in the range of $4.64-$8.26 in the last 1 year. <\/p>\n