THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Sterling Infrastructure, Inc. (STRL) on Wednesday reported fourth-quarter profit of $87.6 million.
The The Woodlands, Texas-based company said it had profit of $2.81 per share. Earnings, adjusted for one-time gains and costs, were $3.08 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The civil construction company posted revenue of $755.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $647.8 million.
For the year, the company reported profit of $290.2 million, or $9.38 per share. Revenue was reported as $2.49 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 STRL at https://www.zacks.com/ap/STRL
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