In a Feb. 26 story about the financial results of Aegion Corp., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company missed Wall Street profit expectations. The company beat Wall Street profit expectations.
A corrected version of the story is below:
Aegion reports 4Q loss
Aegion reports fourth-quarter loss of $36.9 million
CHESTERFIELD, Mo. (AP) — Aegion Corp. (AEGN) on Wednesday reported a fourth-quarter loss of $36.9 million, after reporting a profit in the same period a year earlier.
The Chesterfield, Missouri-based company said it had a loss of 99 cents per share. Earnings, adjusted for asset impairment costs and to account for discontinued operations, were 48 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The provider of infrastructure protection posted revenue of $352.2 million in the period, exceeding Street forecasts. Analysts expected $334.5 million, according to Zacks.
For the year, the company reported a loss of $37.2 million, or 99 cents per share, swinging to a loss in the period. Revenue was reported as $1.33 billion.
Aegion shares have decreased almost 8 percent since the beginning of the year. The stock has decreased 18 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEGN at http://www.zacks.com/ap/AEGN
Keywords: Aegion, Earnings Report