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Tutor Perini misses 1Q profit forecasts

SYLMAR, Calif. (AP) _ Tutor Perini Corp. (TPC) on Wednesday reported first-quarter profit of $13.8 million.

On a per-share basis, the Sylmar, California-based company said it had net income of 27 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The construction company posted revenue of $1.12 billion in the period, meeting Street forecasts.

Tutor Perini expects full-year earnings to be $2.10 to $2.40 per share.

Tutor Perini shares have risen 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30, an increase of 93 percent 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 TPC at https://www.zacks.com/ap/TPC

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Keywords: Tutor Perini, Earnings Report