Gulf Island Fabrication (GIFI) Issues Quarterly Earnings Results, Misses Estimates By $0.51 EPS

Gulf Island Fabrication (NASDAQ:GIFI) issued its quarterly earnings results on Friday. The oil and gas company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.51), Fidelity Earnings reports. Gulf Island Fabrication had a negative net margin of 16.83% and a negative return on equity of 11.13%. The firm had revenue of $49.71 million for the quarter.

GIFI traded down $0.15 on Friday, hitting $8.38. 37,337 shares of the stock traded hands, compared to its average volume of 25,982. Gulf Island Fabrication has a 52 week low of $6.90 and a 52 week high of $13.95.

Separately, ValuEngine upgraded Gulf Island Fabrication from a “sell” rating to a “hold” rating in a research note on Monday, August 13th.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at

About Gulf Island Fabrication

Gulf Island Fabrication, Inc, through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules.

Read More: What are the benefits of a balanced fund?

Earnings History for Gulf Island Fabrication (NASDAQ:GIFI)

Receive News & Ratings for Gulf Island Fabrication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit