HOUSTON (AP) _ Orion Marine Group Inc. (ORN) on Wednesday reported first-quarter profit of $928,000.
On a per-share basis, the Houston-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, were 4 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The heavy civil marine contractor posted revenue of $153.3 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $155.1 million.
Orion Marine shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.81, more than doubling in the last 12 months.