Babcock & Wilcox Enterprises Inc. Bottom Line Drops 22% In Q3

(RTTNews) - Babcock & Wilcox Enterprises Inc. (BW) revealed a profit for third quarter that declined compared to the same period last year.

The company said its bottom line dropped to $13.7 million, or $0.25 per share. This was down from $17.5 million, or $0.33 per share, in last year's third quarter.

The company said revenue for the quarter rose 4.5% to $419.98 million. This was up from $402.02 million last year.

Babcock & Wilcox Enterprises Inc. earnings at a glance:

-Earnings (Q3): $13.7 Mln. vs. $17.5 Mln. last year. -Earnings Decline (Y-o-Y): -21.7% -EPS (Q3): $0.25 vs. $0.33 last year. -EPS Decline (Y-o-Y): -24.2% -Revenue (Q3): $419.98 Mln vs. $402.02 Mln last year. -Revenue Change (Y-o-Y): 4.5%

-Guidance: Full year EPS guidance: $1.15 - $1.30 Full year revenue guidance: $1.7 Bln