Granite Construction (GVA) reported Thursday its Q1 swung to adjusted earnings of $0.01 per diluted share from a loss of $0.21 a year earlier.
Two analysts polled by FactSet expected a loss of $0.46.
Revenue for the quarter ended March 31 was $699.5 million, up from $672.3 million a year earlier.
Three analysts surveyed by FactSet expected $706.2 million.
For 2025, the company said it continues to expect revenue of $4.2 billion to $4.4 billion. Four analysts polled by FactSet expect $4.29 billion.
Shares of Granite Construction were down 1.5% in recent trading.
Price: 80.04, Change: -1.25, Percent Change: -1.54
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