Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Primoris Services Reports Flat EPS In Q4 - Quick Facts

Primoris Services Corp. (PRIM: Quote) posted fourth-quarter 2011 net income of $12.47 million versus $12.25 million in the prior-year quarter, with quarterly earnings per share remaining flat at $0.24.

Revenues for the 2011 fourth quarter rose 12% to $373.1 million from $333.2 million in the earlier year period, mainly due to higher revenues at the West Construction Services segment, led by the California-based Underground group at which revenues grew by $66.3 million from the 2010 period.

In addition, the company announced that on February 24, 2012, its board declared a $0.03 per share cash dividend to stockholders of record as of March 30, 2012, payable on or about April 16, 2012.

Click here to receive FREE breaking news email alerts for Primoris Services Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.