Gulf Island Fabrication (NASDAQ:GIFI) reported quarterly earnings of $0.26 per share. This is a 39.53 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $37.42 million which missed the analyst consensus estimate of $41.00 million by 8.74 percent. This is a 16.01 percent decrease over sales of $44.55 million the same period last year.