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Aegion reports 3Q loss

CHESTERFIELD, Mo. (AP) _ Aegion Corp. (AEGN) on Wednesday reported a third-quarter loss of $73.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Chesterfield, Missouri-based company said it had a loss of $2.23. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The provider of infrastructure protection posted revenue of $268.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $336.4 million.

Aegion shares have dropped slightly more than 2 percent since the beginning of the year. The stock has increased 26 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