If you are looking into stocks that made considerable gains on Wednesday then it might be a good move to take a look at the Williams Industrial Services (NYSE: WLMS) stock.
The Williams Industrial stock soared by as high as 18.3% yesterday but at the same time, it ought to be noted that there was no news about the company that could have triggered that sort of a rally. That being said, the company announced its financial results for the fourth quarter last month and it might be worthwhile to take a look.
In the fourth quarter, Williams Industrial suffered a loss of $992,000 and that is a significant development considering the fact that in the year-ago period, the company had actually recorded a profit. It works out to a loss per share of 4 cents. The company, which provides services to the energy industry, managed to record revenues of $64.1 million, which was substantially lower than the $269.1 million in revenues posted in the year-ago period.
Finance and Entertainment Reporter
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