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Tutor Perini: 4Q Earnings Snapshot

SYLMAR, Calif. (AP) _ Tutor Perini Corp. (TPC) on Wednesday reported a fourth-quarter loss of $86.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Sylmar, California-based company said it had a loss of $1.71. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The construction company posted revenue of $1.18 billion in the period.

For the year, the company reported a loss of $387.7 million, or $7.72 per share, swinging to a loss in the period. Revenue was nearly unchanged at $4.45 billion.

Tutor Perini expects full-year earnings to be $1.80 to $2.10 per share.

Tutor Perini shares have declined 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.95, a decrease of 32% 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