Stantec Inc. (STN.TO, STN) reported first-quarter net income of C$28.4 million or C$0.61 per share, up from C$25.0 million or C$0.55 per share in the comparable quarter last year.
On average, 8 analysts polled by Thomson Reuters expected the company to earn C$0.63 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the quarter rose to C$426.85 million from C$370.47 million last year, while eight analysts had a consensus revenue estimate of C$410.71 million for the quarter.
On May 8, 2013, Stantec's board of directors declared a quarterly dividend of C$0.165 per share, payable on July 18, 2013, to shareholders of record on June 28, 2013.
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