Primoris Services Corporation (PRIM) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $53.97 million, or $0.99 per share. This compares with $37.66 million, or $0.69 per share, last year.
Excluding items, Primoris Services Corporation reported adjusted earnings of $61.85 million or $1.13 per share for the period.
Analysts on average had expected the company to earn $0.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.9% to $1.741 billion from $1.515 billion last year.
Primoris Services Corporation earnings at a glance (GAAP) :
-Earnings: $53.97 Mln. vs. $37.66 Mln. last year.-EPS: $0.99 vs. $0.69 last year.-Revenue: $1.741 Bln vs. $1.515 Bln last year.
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