AKRON, Ohio (AP) 鈥� AKRON, Ohio (AP) 鈥� Babcock & Wilcox Enterprises Inc. (BW) on Monday reported a loss of $76.9 million in its first quarter.
On a per-share basis, the Akron, Ohio-based company said it had a loss of 60 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The power generation equipment company posted revenue of $214.4 million in the period.
Babcock & Wilcox shares have more than doubled since the beginning of the year. The stock has climbed twenty-ninefold in the last 12 months.
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