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AKRON, Ohio (AP) — AKRON, Ohio (AP) — Babcock & Wilcox Enterprises Inc. (BW) on Thursday reported second-quarter net income of $25.3 million, after reporting a loss in the same period a year earlier.
The Akron, Ohio-based company said it had net income of 24 cents per share. Losses, adjusted for non-recurring gains and to account for discontinued operations, were 11 cents per share.
The power generation equipment company posted revenue of $233.6 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $1.11. A year ago, they were trading at $5.25.
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This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BW at https://www.zacks.com/ap/BW