HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported third-quarter profit of $694.9 million.
The Houston-based company said it had profit of $4.55 per share. Earnings, adjusted for one-time gains and costs, came to $6.06 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.03 per share.
The specialty contractor for utility and energy companies posted revenue of $12.01 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $10.99 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
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
