Goldfield plunges after swinging to quarterly loss

|About: Goldfield Corp (The) (GV)|By:, SA News Editor

Shares of Goldfield (GV -22.2%) plummet on the heels of the company's Q2 report.

The company reported a loss of $0.03/ share for the period (versus net income of $0.10/ share in Q2 2012) thanks largely to a "strategic business decision" to incur $3.7M in charges in order to "assure completion" of the STEC project.

Revenue was $20.6M for the quarter, up 11.3% Y/Y. (PR)