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Quanta Services Inc. Q4 Income Drops

Quanta Services Inc. (PWR) released earnings for fourth quarter that retreated compared to the same period last year.

The company said its bottom line came in at $71.51 million, or $0.45 per share. This was down from $86.61 million, or $0.56 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.1% to $2.48 billion. This was up from $2.10 billion last year.

Quanta Services Inc. earnings at a glance:

-Earnings (Q4): $71.51 Mln. vs. $86.61 Mln. last year.
-Earnings Decline (Y-o-Y): -17.4%
-EPS (Q4): $0.45 vs. $0.56 last year.
-EPS Decline (Y-o-Y): -19.6%
-Analysts Estimate: $0.44
-Revenue (Q4): $2.48 Bln vs. $2.10 Bln last year.
-Revenue Change (Y-o-Y): 18.1%

Full year EPS guidance: $2.40 to $2.80
Full year revenue guidance: $9.75 - $10.25 Bln

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