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Quanta Services Inc. Q2 adjusted earnings Miss Estimates

Quanta Services Inc. (PWR) revealed a profit for second quarter that fell from last year.

The company's earnings totaled $27.34 million, or $0.19 per share. This compares with $74.37 million, or $0.48 per share, in last year's second quarter.

Excluding items, Quanta Services Inc. reported adjusted earnings of $45.70 million or $0.31 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 6.8% to $2.84 billion from $2.66 billion last year.

Quanta Services Inc. earnings at a glance:

-Earnings (Q2): $45.70 Mln. vs. $90.75 Mln. last year.
-EPS (Q2): $0.31 vs. $0.59 last year.
-Analysts Estimate: $0.83
-Revenue (Q2): $2.84 Bln vs. $2.66 Bln last year.

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