WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) released earnings for third quarter that declined from last year.
The company said its earnings dropped to $57.00 million, or $0.30 per share. This was down from $127.28 million, or $0.58 per share, in last year's third quarter.
Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 9.8% to $1.94 billion. This was down from $2.15 billion last year.
Quanta Services Inc. earnings at a glance:
-Earnings (Q3): $57.00 Mln. vs. $127.28 Mln. last year. -Earnings Decline (Y-o-Y): -55.2% -EPS (Q3): $0.30 vs. $0.58 last year. -EPS Decline (Y-o-Y): -48.3% -Analysts Estimate: $0.29 -Revenue (Q3): $1.94 Bln vs. $2.15 Bln last year. -Revenue Change (Y-o-Y): -9.8%
-Guidance: Next quarter EPS guidance: $0.26 - $0.32 Next quarter revenue guidance: $1.75 - $1.85 Bln Full year EPS guidance: $1.07 - $1.13 Full year revenue guidance: $7.45 - $7.55 Bln
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