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Stantec: 1Q Earnings Snapshot

EDMONTON, Alberta (AP) _ Stantec Inc. (STN) on Thursday reported first-quarter net income of $33.8 million.

On a per-share basis, the Edmonton, Alberta-based company said it had net income of 30 cents. Earnings, adjusted for one-time gains and costs, were 34 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 34 cents per share.

The engineering firm posted revenue of $866.1 million in the period. Its adjusted revenue was $680 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $675.5 million.

Stantec shares have increased slightly more than 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.02, a drop of nearly 10% in the last 12 months.

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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 STN at https://www.zacks.com/ap/STN