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Tutor Perini: 1Q Earnings Snapshot

SYLMAR, Calif. (AP) _ Tutor Perini Corp. (TPC) on Wednesday reported a loss of $356,000 in its first quarter.

The Sylmar, California-based company said it had a loss of 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The construction company posted revenue of $958.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.01 billion.

Tutor Perini expects full-year earnings to be $2 to $2.30 per share.

Tutor Perini shares have increased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.52, a decrease of nearly 10% 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 TPC at https://www.zacks.com/ap/TPC