Cardinal: Q3 Earnings Snapshot

RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Cardinal Infrastructure Group Inc. (CDNL) on Thursday reported a loss of $4.4 million in its third quarter.

The Raleigh, North Carolina-based company said it had a loss of 21 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The civil contractor and infrastructure services provider posted revenue of $201.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $236.4 million.

_____

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

Source