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Quanta Services Inc. Q4 adjusted earnings Beat Estimates

Quanta Services Inc. (PWR) released earnings for fourth quarter that fell from last year.

The company's profit totaled $56.82 million, or $0.38 per share. This compares with $113.56 million, or $0.72 per share, in last year's fourth quarter.

Excluding items, Quanta Services Inc. reported adjusted earnings of $145.34 million or $0.96 per share for the period.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.4% to $3.11 billion from $2.48 billion last year.

Quanta Services Inc. earnings at a glance:

-Earnings (Q4): $145.34 Mln. vs. $71.51 Mln. last year.
-EPS (Q4): $0.96 vs. $0.45 last year.
-Analysts Estimate: $0.90
-Revenue (Q4): $3.11 Bln vs. $2.48 Bln last year.

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