Quanta Services: Q3 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported third-quarter earnings of $272.8 million.
The Houston-based company said it had net income of $1.83 per share. Earnings, adjusted for one-time gains and costs, came to $2.24 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The specialty contractor for utility and energy companies posted revenue of $5.62 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $5.26 billion.
Quanta Services expects full-year earnings in the range of $7 to $7.20 per share, with revenue in the range of $20.1 billion to $20.4 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWR at https://www.zacks.com/ap/PWR
