Shares of Babcock & Wilcox BW rose 4.7% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were up 107.69% over the past year to $0.02, which missed the estimate of $0.04.
Revenue of $202,900,000 up by 49.85% from the same period last year, which beat the estimate of $173,330,000.
Looking Ahead
Babcock & Wilcox hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Aug 12, 2021
Time: 05:00 PM
Technicals
Company's 52-week high was at $9.90
52-week low: $2.11
Price action over last quarter: Up 4.41%
Company Description
Babcock & Wilcox Enterprises Inc provides advanced fossil and renewable power generation and environmental equipment. The firm operates in three segments: B&W Renewable segment; B&W Environmental segment; and B&W Thermal segment. Majority of the revenue is derived from B&W Renewable segment that provides cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W's technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.
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