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| Granite Construction Q1 revenue down Granite Construction Inc (NYSE:GVA) reported a net loss of $41.0 million, or $1.09 per diluted share, for the first quarter of 2010 compared with net income of $8.9 million, or $0.23 per diluted share, for the first quarter of 2009. Revenue totaled $220.7 million compared with $347.4 million in 2009, driven by weakness in demand and the impact of weather. First-quarter 2009 included approximately $46.0 million in revenue associated with work performed on the border fence project in the Southwest and $17.3 million related to a favorable settlement on a project in the East. Net income attributable to non-controlling interests in joint ventures was $3.2 million compared with $5.1 million in 2009. write your comments about the article :: © 2010 Construction News :: home page |