HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported third-quarter earnings of $293.2 million.
The Houston-based company said it had profit of $1.95 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.72 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The specialty contractor for utility and energy companies posted revenue of $6.49 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $6.55 billion.
Quanta Services expects full-year earnings in the range of $8.50 to $8.80 per share, with revenue in the range of $23.5 billion to $23.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWR at https://www.zacks.com/ap/PWR
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