DMC Global: 2Q Earnings Snapshot
Posted July 23, 2020 4:37 pm.
Last Updated July 23, 2020 4:38 pm.
This article is more than 5 years old.
BROOMFIELD, Colo. (AP) _ DMC Global Inc. (BOOM) on Thursday reported a second-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier.
The Broomfield, Colorado-based company said it had a loss of 38 cents per share. Losses, adjusted for restructuring costs, were 29 cents per share.
The diversified holding company posted revenue of $43.2 million in the period.
For the current quarter ending in October, DMC Global said it expects revenue in the range of $45 million to $50 million.
DMC Global shares have dropped 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.20, a fall of 55% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOOM at https://www.zacks.com/ap/BOOM
The Associated Press
