WASHINGTON (dpa-AFX) - Quanta Services, Inc. (PWR) said weather, regulatory, permitting and other factors have impacted the company's results in 2015, and some of these issues are expected to impact its results in the fourth quarter.
Quanta now expects revenues for the full year 2015 to range between $7.45 billion and $7.55 billion and earnings per share from continuing operations to be $0.79 to $0.85. Quanta expects adjusted earnings per share from continuing operations for the full year 2015 to be $1.07 to $1.13. In August, Quanta projected its full year revenues to range between $7.5 billion and $7.7 billion, earnings per share from continuing operations to be $1.05 to $1.20, and adjusted earnings per share from continuing operations to be $1.32 to $1.47.
Quanta expects revenues for the fourth quarter of 2015 to range between $1.75 billion and $1.85 billion and earnings per share from continuing operations to be $0.20 to $0.26. Quanta expects adjusted earnings per share from continuing operations for the fourth quarter of 2015 to be $0.26 to $0.32. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.32 for the quarter. Analysts' estimates typically exclude special items.
For the third quarter of 2015, the company reported adjusted earnings per share from continuing operations attributable to common stock of $0.30 compared to $0.58, prior year. Revenues were $1.94 billion compared to $2.15 billion, a year ago.
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