10:24 AM EDT, 10/31/2024 (MT Newswires) -- Granite Construction's ( GVA ) shares were down 3.7% in recent Thursday trading after the company reported Q3 adjusted earnings and revenue that fell below analysts' estimates.

The company reported Q3 adjusted earnings Thursday of $2.05 per diluted share, up from $1.72 a year earlier.

Two analysts polled by Capital IQ expected $2.47.

Revenue for the quarter ended Sept. 30 was $1.28 billion, up from $1.12 billion a year earlier.

Three analysts surveyed by Capital IQ expected $1.29 billion.

The company said it continues to expect 2024 revenue to range from $3.9 billion to $4 billion. Four analysts surveyed by Capital IQ expect $4.01 billion.

Price: 79.00, Change: -3.06, Percent Change: -3.72