GMR Solutions reports Q2 revenue matching last year but posts a wider-than-expected loss per share of $1.84.
GMR Solutions Inc. (GMRS) reported second-quarter revenue of $1.49 billion, unchanged from the same period last year. The company posted a loss per share of $1.84, compared to breakeven earnings a year earlier.
Analysts had expected revenue growth and a narrower loss for the quarter. The flat revenue and deeper-than-anticipated EPS decline contrast with prior guidance and market forecasts.
Shares of GMRS showed limited movement in after-hours trading as investors digested the mixed results.