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Emcor Group tops Street 1Q forecasts

NORWALK, Conn. (AP) _ Emcor Group Inc. (EME) on Thursday reported first-quarter net income of $52.6 million.

The Norwalk, Connecticut-based company said it had net income of 88 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The construction and maintenance company posted revenue of $1.89 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.8 billion.

Emcor Group expects full-year earnings to be $3.20 to $3.50 per share.

Emcor Group shares have decreased nearly 8 percent since the beginning of the year. The stock has risen 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EME at https://www.zacks.com/ap/EME


Keywords: Emcor Group, Earnings Report