Quanta Services Inc. Q2 adjusted earnings Beat Estimates

Quanta Services Inc. (PWR) released earnings for its second quarter that climbed from last year.

The company's earnings totaled $117.03 million, or $0.81 per share. This compares with $73.95 million, or $0.52 per share, in last year's second quarter.

Excluding items, Quanta Services Inc. reported adjusted earnings of $153.29 million or $1.06 per share for the period.

Analysts had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.1% to $2.99 billion from $2.51 billion last year.

Quanta Services Inc. earnings at a glance:

-Earnings (Q2): $153.29 Mln. vs. $106.21 Mln. last year.
-EPS (Q2): $1.06 vs. $0.74 last year.
-Analysts Estimate: $1.04
-Revenue (Q2): $2.99 Bln vs. $2.51 Bln last year.

Full year EPS guidance: $4.32 - $4.68
Full year revenue guidance: $12.20 - $12.45 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT