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Quanta Services Inc. Q1 adjusted earnings Beat Estimates

Quanta Services Inc. (PWR) reported a profit for its first quarter that climbed from last year.

The company's bottom line came in at $120.49 million, or $0.82 per share. This compares with $37.61 million, or $0.24 per share, in last year's first quarter.

Excluding items, Quanta Services Inc. reported adjusted earnings of $140.62 million or $0.96 per share for the period.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $2.81 billion from $2.42 billion last year.

Quanta Services Inc. earnings at a glance:

-Earnings (Q1): $140.62 Mln. vs. $61.92 Mln. last year.
-EPS (Q1): $0.96 vs. $0.39 last year.
-Analysts Estimate: $0.83
-Revenue (Q1): $2.81 Bln vs. $2.42 Bln last year.

-Guidance:
Full year EPS guidance: $3.40 - $3.86
Full year revenue guidance: $11.2 - $11.6 Bln

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