WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) announced a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $339.42 million, or $2.24 per share. This compares with $293.19 million, or $1.95 per share, last year.
Excluding items, Quanta Services Inc. reported adjusted earnings of $504.41 million or $3.33 per share for the period.
Analysts on average had expected the company to earn $3.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.5% to $7.631 billion from $6.493 billion last year.
Quanta Services Inc. earnings at a glance (GAAP) :
-Earnings: $339.42 Mln. vs. $293.19 Mln. last year. -EPS: $2.24 vs. $1.95 last year. -Revenue: $7.631 Bln vs. $6.493 Bln last year.
-Guidance: Full year EPS guidance: $10.33 - $10.83 Full year revenue guidance: $27.8 - $28.2 Bln
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