SYLMAR, Calif. (AP) _ Tutor Perini Corp. (TPC) on Wednesday reported a fourth-quarter loss of $86.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Sylmar, California-based company said it had a loss of $1.71. Earnings, adjusted for non-recurring costs, came to 13 cents per share.
The construction company posted revenue of $1.18 billion in the period.
For the year, the company reported a loss of $387.7 million, or $7.72 per share, swinging to a loss in the period. Revenue was nearly unchanged at $4.45 billion.
Tutor Perini expects full-year earnings to be $1.80 to $2.10 per share.
Tutor Perini shares have declined 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.95, a decrease of 32% in the last 12 months.