THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Sterling Infrastructure, Inc. (STRL) on Monday reported first-quarter earnings of $96 million.
The The Woodlands, Texas-based company said it had net income of $3.09 per share. Earnings, adjusted for one-time gains and costs, were $3.59 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The civil construction company posted revenue of $825.7 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $585.4 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRL at https://www.zacks.com/ap/STRL
/Amazon%20pickup%20%26%20returns%20building%20by%20Bryan%20Angelo%20via%20Unsplash.jpg)
/Microsoft%20Corporation%20logo%20on%20sign-by%20Jean-Luc%20Ichard%20via%20iStock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
