/https://www.thestar.com/content/dam/thestar/business/2019/04/25/aecon-beats-expectations-as-first-quarter-loss-cut-in-half-on-higher-revenues/CPT135544352.jpg)
Aecon beats expectations as first-quarter loss cut in half on higher revenues
TORONTO - Aecon Group Inc. beat analyst expectations as its net loss was cut by more than half in the first quarter on a 20-per-cent growth in revenues and a higher backlog. The corporate logo of Aecon Group Inc. is shown. Aecon Group Inc. beat analyst expectations as its net loss was cut by more than half in the first quarter on a 20-per-cent growth in revenues and a higher backlog. The operating loss of $10.8 million was about half the $22.2-million operating loss in the first quarter of 2018. Article Continued BelowThe company was expected to lose 25 cents per share on $505.9 million in revenues, according to analysts polled by Thomson Reuters Eikon.
Source: thestar April 25, 2019 21:11 UTC
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