PRINCETON JUNCTION, N.J. (AP) _ Mistras Group Inc. (MG) on Monday reported a loss of $98.5 million in its first quarter.
The Princeton Junction, New Jersey-based company said it had a loss of $3.40 per share. Losses, adjusted for asset impairment costs, came to 24 cents per share.
The engineering services company posted revenue of $159.5 million in the period.
In the final minutes of trading on Monday, the company's shares hit $3.83. A year ago, they were trading at $14.12.