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Matrix Service Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Fiscal 2025 Revenue Outlook Set
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Matrix Service Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Fiscal 2025 Revenue Outlook Set
Sep 10, 2024 6:33 AM

04:30 PM EDT, 09/09/2024 (MT Newswires) -- Matrix Service ( MTRX ) reported a fiscal Q4 adjusted loss late Monday of $0.14 per diluted share, wider than a loss of $0.11 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.21.

Revenue for the quarter ended June 30 was $189.5 million, down from $205.9 million a year earlier.

Two analysts surveyed by Capital IQ expected $202.8 million.

The company said it expects fiscal year 2025 revenue of $900 million to $950 million. Two analysts surveyed by Capital IQ expect $889.9 million.

Shares of Matrix Service ( MTRX ) were up 11% in after-hours trading.

Price: 10.15, Change: +1.01, Percent Change: +11.05

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