HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported third-quarter profit of $339.4 million.
The Houston-based company said it had profit of $2.24 per share. Earnings, adjusted for one-time gains and costs, were $3.33 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.
The specialty contractor for utility and energy companies posted revenue of $7.63 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $7.45 billion.
Quanta Services expects full-year earnings in the range of $6.53 to $7.02 per share, with revenue in the range of $27.8 billion to $28.2 billion.
_____
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
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
