logo
Plus   Neg
Share
Email

Quanta Services Reaffirms FY18 Outlook - Quick Facts

Quanta Services, Inc. (PWR) on Thursday reaffirmed its fiscal 2018 outlook for adjusted earnings in the range of $2.55 to $2.95 per share and revenues between $10.35 billion and $10.75 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.73 per share on revenues of $10.43 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, net income increased to $74.37 million or $0.48 per share from $63.84 million or $0.41 per share in the prior-year quarter. Adjusted earnings were $0.59 per share, compared to last year's $0.50 per share. Revenues increased to $2.66 billion from last year's $2.20 billion.

Analysts expected quarterly earnings of $0.60 per share on sales of $2.53 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss engineering major ABB Ltd. teamed with Italian utility Evolvere to launch a blockchain pilot project to explore transparent, secure peer-to-peer solar energy transactions, media outlet PV Tech reported. The companies will test the potential of blockchain technology in solar systems. The blockchain technology was developed in partnership with Prosume. Shares of Tesla Inc. are losing more than 5 percent in Monday's trading after Wedbush Securities analyst Daniel Ives slashed his price target on the luxury electric car maker's stock, citing "major concerns" around the trajectory of Tesla's growth prospects. In a note to investors, Ives also said he has concerns over underlying demand for Model 3 cars in the U.S. over the coming quarters. Amazon Inc. is leading a new $575 million investment in British food delivery company Deliveroo, intensifying the e-commerce giant's competition with rival Uber and its Uber Eats service. Deliveroo noted that Amazon is set to be the largest investor in the Series G preferred shared funding round. With the latest funding round, Deliveroo has raised $1.53 billion.
Follow RTT