Layne Christensen +5% following final quarterly report before Granite merger [Seeking Alpha]
LAYNE CHRISTENSEN (LAYN)
Last layne christensen earnings: 6/5 04:15 pm
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Source: Seeking Alpha
Layne Christensen +5% following final quarterly report before Granite mergerLayne Christensen (NASDAQ:LAYN)+4.8% premarket after reporting better than expectedQ1 earnings and in-line revenues, while adjusted EBITDA jumped 40% Y/Y to $12.6M vs. $9M in the year-ago quarter.LAYN says total backlog at April 30 was $163M, compared to $178M at the end of January and $172M a year ago.LAYN shareholders will meet June 13 to vote on Granite Construction's merger offer, in which each LAYN stockholder would receive 0.27 shares of Granite stock for each LAYN share.See all stocks on the move »Now read:Frontline +10% as Q1 beats estimates; eyes boost in vessel demand »
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