AMERICA WATER IN BRIEF
- From: Vol 12, Issue 6 (June 2011)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Balfour Beatty, Bilfinger+Berger, Cadiz Inc, Epcor, Fru-Con Construction, Insituform, Layne Christensen, Parsons Brinckerhoff and SNC Lavalin
Shares in Insituform plummeted by 13% on 16 June after the company drastically reduced its full-year EPS guidance from $1.75-1.90 to a new range of $1.30-1.40.
The revision was chiefly due to a slower than expected recovery in Insituform’s North American sewer rehabilitation business, which has been hit by severe weather and continuing project delays.
* Meanwhile, Layne Christensen shares closed up 10% after the company posted a consensus-beating set of first quarter results on 8th June. Excluding a $0.15 per share one-time gain on ...
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