Ecology and Environment Inc. Releases Third Quarter Financial Results
ECOLOGY & ENVIRONMENT (EEI)
US:NASDAQ Investor Relations:
en.wikipedia.org/wiki/ecology
Company Research
Source: GlobeNewswire
LANCASTER, N.Y., June 17, 2019 (GLOBE NEWSWIRE) -- Ecology and Environment Inc. (E & E, or the Company) (NASDAQ: EEI) reported a consolidated net loss of $1.0 million ($0.24 per share) for its third quarter ended April 27, 2019, compared with consolidated net income of $0.1 million ($0.02 per share) for the third quarter of the prior fiscal year. For the nine months ended April 27, 2019, E & E reported a consolidated net loss of $1.5 million ($0.34 per share), compared with consolidated net income of $0.1 million ($0.03 per share) for the first nine months of the prior year. Nonrecurring incremental expenses, including $0.8 million of employee severance costs associated with the voluntary retirement program and reduction in workforce and $0.9 million of incremental expenses associated with recent restatements of its prior year consolidated financial statements, had a significant detrimental impact on the Company’s operating results for the third quarter and first nine months of fi
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