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Aegion misses 2Q profit forecasts

CHESTERFIELD, Mo. (AP) _ Aegion Corp. (AEGN) on Tuesday reported second-quarter net income of $11.1 million.

The Chesterfield, Missouri-based company said it had profit of 33 cents per share. Earnings, adjusted for restructuring costs, came to 34 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The provider of infrastructure protection posted revenue of $354.5 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $349 million.

Aegion shares have increased roughly 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.14, a climb of 18 percent in the last 12 months.


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


Keywords: Aegion, Earnings Report