02.11.2023 12:00:20 - dpa-AFX: Quanta Services Inc. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) revealed a profit for its
third quarter that increased from the same period last year and beat the Street
estimates.
The company's bottom line came in at $272.84 million, or $1.83 per share. This
compares with $155.96 million, or $1.06 per share, in last year's third quarter.
Excluding items, Quanta Services Inc. reported adjusted earnings of $332.55
million or $2.24 per share for the period.
Analysts on average had expected the company to earn $2.11 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 26.0% to $5.62 billion from $4.46
billion last year.
Quanta Services Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $272.84 Mln. vs. $155.96 Mln. last year.
-EPS (Q3): $1.83 vs. $1.06 last year.
-Analyst Estimate: $2.11
-Revenue (Q3): $5.62 Bln vs. $4.46 Bln last year.
-Guidance:
Full year EPS guidance: $7.00 - $7.20
Full year revenue guidance: $20.1 - $20.4 Bln
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