Gulf Island Fabrication Turns To Profit In Q3; Declares Dividend - Quick Facts

(RTTNews) - Gulf Island Fabrication, Inc. (GIFI) reported third quarter net income of $3.3 million or $0.23 per share, compared to net loss of $10.4 million or $0.72 per share in the prior year quarter. On average, six analysts polled by Thomson Reuters expected the company to earn $0.28 pert share. Analysts' estimates typically exclude special items.

Besides, quarterly revenues grew to $168.19 million from $141.79 million a year earlier, while four analysts had consensus revenue estimate of $143.63 million for the quarter.

Gulf Island Fabrication also announced that its board of directors declared a dividend of $0.10 per share on approximately 14.5 million shares of common stock outstanding, which is payable November 27, 2013, to shareholders of record on November 12, 2013.