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Babcock & Wilcox reports 4Q loss

CHARLOTTE, N.C. (AP) _ Babcock & Wilcox Enterprises Inc. (BW) on Tuesday reported a loss of $71.6 million in its fourth quarter.

The Charlotte, North Carolina-based company said it had a loss of $1.47 per share. Losses, adjusted for one-time gains and costs, came to $1.60 per share.

The power generation equipment company posted revenue of $380 million in the period.

For the year, the company reported a loss of $115.6 million, or $2.31 per share, swinging to a loss in the period. Revenue was reported as $1.58 billion.

Babcock & Wilcox expects full-year earnings in the range of 75 cents to 95 cents per share, with revenue in the range of $1.6 billion to $1.8 billion.

Babcock & Wilcox shares have declined 0.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.50, a fall of 16 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 BW at https://www.zacks.com/ap/BW


Keywords: Babcock & Wilcow Enterprises, Earnings Report