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0 0 0 0 0.00660566026301438 0.0147869826071149 0.0024846978970973 -0.00387855281498083
Stock impact report

MYR Group (MYRG) Declined On Delayed Utility Transmission & Distribution Projects [Yahoo! Finance]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Yahoo! Finance
The problematic projects are expected to be completed by year-end, and despite the current issues, MYR's backlog increased at a healthy pace. The fund returned 6.50% (gross) and 6.24% (net), compared to an 8.41% return for the Russell 2000 Growth Index. The decline was due to a -25% price retrenchment caused by lower-than-anticipated fiscal quarterly revenues and earnings, driven by a handful of delayed utility transmission & distribution projects. TimesSquare Capital Management added to its position in MYR Group Inc. (MYRG) on its weakness, looking past its problem projects and focusing on its healthy backlog growth. TimesSquare Capital Management , an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter 2024 investor letter. A copy of the letter can be downloaded here . In the quarter the fund returned 6.50% (gross) and 6.24% (net), compared to an 8.41% return for the Russell 2000 Growth Index. Global markets performed fairly in Show less Read more
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