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MYR: 2Q Earnings Snapshot

ROLLING MEADOWS, Ill. (AP) _ MYR Group Inc. (MYRG) on Wednesday reported second-quarter earnings of $7.2 million.

The Rolling Meadows, Illinois-based company said it had net income of 43 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The electrical construction services provider posted revenue of $448.8 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $457.4 million.

MYR shares have increased 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.12, a decline of 2% 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 MYRG at https://www.zacks.com/ap/MYRG