WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) released earnings for its third quarter that gained ground from last year.
The company said its bottom line came in at $85.46 million, or $0.55 per share. This was higher than $57.00 million, or $0.30 per share, in last year's third quarter.
Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 5.2% to $2.04 billion. This was up from $1.94 billion last year.
Quanta Services Inc. earnings at a glance:
-Earnings (Q3): $85.46 Mln. vs. $57.00 Mln. last year. -Earnings Growth (Y-o-Y): 49.9% -EPS (Q3): $0.55 vs. $0.30 last year. -EPS Growth (Y-o-Y): 83.3% -Analysts Estimate: $0.55 -Revenue (Q3): $2.04 Bln vs. $1.94 Bln last year. -Revenue Change (Y-o-Y): 5.2%
-Guidance: Full year EPS guidance: $1.51 - $1.56 Full year revenue guidance: $7.65 - $7.75 Bln
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