Goldfield plunges after swinging to quarterly loss


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)

Comments (1)
  • bearbate
    , contributor
    Comments (6) | Send Message
     
    The stock price could use a good hurricane.
    14 Aug 2013, 02:38 PM Reply Like
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