Graham Corp Q1 Earnings Fall 80%

(RTTNews) - Graham Corp (GHM) released a profit for first quarter that retreated from last year.

The company said its bottom line came in at $0.47 million, or $0.05 per share. This was down from $2.36 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 19.0% to $22.37 million. This was down from $27.62 million last year.

Graham Corp earnings at a glance:

-Earnings (Q1): $0.47 Mln. vs. $2.36 Mln. last year. -Earnings Decline (Y-o-Y): -80.1% -EPS (Q1): $0.05 vs. $0.23 last year. -EPS Decline (Y-o-Y): -78.3% -Analysts Estimate: $0.02 -Revenue (Q1): $22.37 Mln vs. $27.62 Mln last year. -Revenue Change (Y-o-Y): -19.0%

-Guidance: Full year revenue guidance: $80 - $95 Mln