BISMARCK, N.D. (AP) — BISMARCK, N.D. (AP) — Knife River Corp. (KNF) on Tuesday reported a loss of $79.2 million in its first quarter.
On a per-share basis, the Bismarck, North Dakota-based company said it had a loss of $1.40.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.42 per share.
The construction materials company posted revenue of $410.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $386.6 million.
Knife River expects full-year revenue in the range of $3.3 billion to $3.5 billion.
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