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Mayville Engineering: 3Q Earnings Snapshot

·1 min read

MAYVILLE, Wis. (AP) _ Mayville Engineering Company, Inc. (MEC) on Monday reported a third-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mayville, Wisconsin-based company said it had a loss of 5 cents.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.

The company posted revenue of $91.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $87.2 million.

Mayville Engineering shares have increased 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.87, a rise of 15% in the last 12 months.

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