Quanta Services: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported fourth-quarter net income of $210.9 million.

On a per-share basis, the Houston-based company said it had profit of $1.42. Earnings, adjusted for one-time gains and costs, came to $2.04 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The specialty contractor for utility and energy companies posted revenue of $5.78 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $5.15 billion.

For the year, the company reported profit of $744.7 million, or $5 per share. Revenue was reported as $20.88 billion.

Quanta Services expects full-year earnings in the range of $8 to $8.50 per share, with revenue in the range of $22.25 billion to $22.75 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