U.S. Markets open in 6 hrs 19 mins

Tetra: Fiscal 2Q Earnings Snapshot

PASADENA, Calif. (AP) _ Tetra Tech Inc. (TTEK) on Wednesday reported fiscal second-quarter profit of $28.7 million.

The Pasadena, California-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring costs, were 54 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The consulting and engineering services company posted revenue of $700.3 million in the period. Its adjusted revenue was $532.8 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $515.3 million.

For the current quarter ending in July, Tetra expects its per-share earnings to range from 62 cents to 68 cents.

The company said it expects revenue in the range of $525 million to $555 million for the fiscal third quarter.

Tetra expects full-year earnings in the range of $2.50 to $2.62 per share, with revenue ranging from $2.15 billion to $2.25 billion.

Tetra shares have declined slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48, a climb of 7 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 TTEK at https://www.zacks.com/ap/TTEK