Sterling Construction Co. Inc. (STRL) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $39.48 million, or $1.28 per share. This compares with $31.05 million, or $1.00 per share, last year.
Excluding items, Sterling Construction Co. Inc. reported adjusted earnings of $50.24 million or $1.63 per share for the period.
Analysts on average had expected the company to earn $1.45 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.1% to $430.949 million from $440.360 million last year.
Sterling Construction Co. Inc. earnings at a glance (GAAP) :
-Earnings: $39.48 Mln. vs. $31.05 Mln. last year.
-EPS: $1.28 vs. $1.00 last year.
-Revenue: $430.949 Mln vs. $440.360 Mln last year.
-Guidance:
Full year EPS guidance: $8.40 to $8.90
Full year revenue guidance: $2.05 - $2.15 Bln
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