Orion Marine Q3 Earnings Top Estimates at 14 Cents Per Share; Revenue Reaches $256.2 Million

Orion Marine Group Inc. (ORN) on Tuesday reported third-quarter earnings of $5.5 million, or 14 cents per share, beating Wall Street expectations. Adjusted for non-recurring gains, the Houston-based heavy civil marine contractor earned 12 cents per share, ahead of the 10-cent average estimate from four analysts surveyed by Zacks Investment Research. Revenue totaled $256.2 million for the period, also exceeding the $248.3 million forecast. The company guided full-year revenue to a range of $900 million to $950 million.