DexCom earnings beat by $0.03, revenue topped estimates
In a recent transaction reported to the Securities and Exchange Commission, Ronald Steger, a director at Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD), sold 5,000 shares of the company’s common stock. The sale occurred on June 3, 2025, at an average price of $11.585 per share, resulting in a total transaction value of $57,925. Following this sale, Steger retains ownership of 20,404 shares in the company. According to InvestingPro analysis, the stock appears fairly valued, with technical indicators suggesting overbought conditions. Get access to comprehensive insider trading analysis and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Great Lakes Dredge & Dock Corporation reported impressive financial results for Q1 2025, with earnings per share of $0.49, significantly surpassing the forecast of $0.2525. The company’s revenue reached $242.9 million, exceeding expectations of $198.5 million, marking its second-highest revenue quarter in history. This performance was largely driven by capital and coastal protection projects, which accounted for over 87% of total revenue. Additionally, during the company’s Annual Meeting, stockholders approved an amendment to increase the total number of shares available under its 2021 Long-Term Incentive Plan by 3 million shares. They also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Furthermore, stockholders approved the Great Lakes Dredge & Dock Corporation 2025 Employee Stock Purchase Plan. These developments indicate strong operational execution and strategic initiatives by the company.
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