U.S. Markets open in 5 hrs 4 mins

Babcock & Wilcox: 2Q Earnings Snapshot

CHARLOTTE, N.C. (AP) _ Babcock & Wilcox Enterprises Inc. (BW) on Thursday reported a loss of $265.6 million in its second quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $2.12. Losses, adjusted for asset impairment costs and to account for discontinued operations, came to 25 cents per share.

The power generation equipment company posted revenue of $291.3 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $1.87. A year ago, they were trading at $9.75.


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