Wednesday, Quanta Services Inc. (PWR) reported third-quarter net income attributable to common stock of $63.4 million or $0.32 per share, compared to $51.9 million or $0.28 per diluted share in the same quarter last year.
On an adjusted basis, earnings was $0.25 per share, down from $0.32 per share in the prior year quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were $780.8 million, down from $1.05 billion in the comparable quarter last year. Analysts expected the company to report revenue of $857.82 million for the quarter.
Looking ahead to the fourth quarter, the company expects revenues in the range of $900 million - $950 million with earnings in the range of $0.16 - $0.17 per share. On an adjusted basis, earnings are expected to be in the range of $0.26 - $0.27 per share. Analysts currently anticipate the company to earn $0.21 per share with revenue of $907.53 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.