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Quanta Services Inc. Q4 Profit Decreases, but beats estimates

Quanta Services Inc. (PWR) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $104.80 million, or $0.71 per share. This compares with $170.05 million, or $1.17 per share, in last year's fourth quarter.

Excluding items, Quanta Services Inc. reported adjusted earnings of $227.38 million or $1.54 per share for the period.

Analysts on average had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 34.7% to $3.92 billion from $2.91 billion last year.

Quanta Services Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $104.80 Mln. vs. $170.05 Mln. last year.
-EPS (Q4): $0.71 vs. $1.17 last year.
-Analyst Estimates: $1.41
-Revenue (Q4): $3.92 Bln vs. $2.91 Bln last year.

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