Quanta Services Inc. (PWR) reported third quarter adjusted EPS of $0.29 Wednesday morning, down from $0.32 in the previous year. The consensus estimate was for EPS of $0.25. Fourth quarter adjusted EPS is expected to be between $0.36 and $0.40, compared to the consensus estimate of $0.39.
Quanta Services gapped open higher Wednesday and climbed throughout the first 2 hours of trade. Shares finished up by 2.31 at $22.15 on above average volume. The stock rose above a week and a half long range and set a 6 1/2 month high.
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