Babcock & Wilcox: Q4 Earnings Snapshot

AKRON, Ohio (AP) — AKRON, Ohio (AP) — Babcock & Wilcox Enterprises Inc. (BW) on Thursday reported a fourth-quarter loss of $62.7 million, after reporting a profit in the same period a year earlier.

The Akron, Ohio-based company said it had a loss of 74 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 22 cents per share.

The power generation equipment company posted revenue of $227.2 million in the period.

For the year, the company reported that its loss widened to $197.2 million, or $2.38 per share. Revenue was reported as $999.4 million.

In the final minutes of trading on Thursday, the company's shares hit $1.28. A year ago, they were trading at $5.42.

_____

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