WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) reported a profit for second quarter that lost ground from last year.
The company said its bottom line dropped to $28.44 million, or $0.18 per share. This was lower than $50.57 million, or $0.24 per share, in last year's second quarter.
Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 4.3% to $1.79 billion. This was down from $1.87 billion last year.
Quanta Services Inc. earnings at a glance:
-Earnings (Q2): $28.44 Mln. vs. $50.57 Mln. last year. -Earnings Decline (Y-o-Y): -43.8% -EPS (Q2): $0.18 vs. $0.24 last year. -EPS Decline (Y-o-Y): -25.0% -Analysts Estimate: $0.36 -Revenue (Q2): $1.79 Bln vs. $1.87 Bln last year. -Revenue Change (Y-o-Y): -4.3%
-Guidance: Full year EPS guidance: $1.52 - $1.67 Full year revenue guidance: $7.75 - $8.0 Bln
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