02.05.2024 13:10:57 - dpa-AFX: Quanta Services Inc. Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Quanta Services Inc. (PWR) announced a profit for its
first quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings came in at $118.36 million, or $0.79 per share. This
compares with $95.05 million, or $0.64 per share, in last year's first quarter.
Excluding items, Quanta Services Inc. reported adjusted earnings of $210.85
million or $1.41 per share for the period.
Analysts on average had expected the company to earn $1.29 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 13.5% to $5.03 billion from $4.43
billion last year.
Quanta Services Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $118.36 Mln. vs. $95.05 Mln. last year.
-EPS (Q1): $0.79 vs. $0.64 last year.
-Revenue (Q1): $5.03 Bln vs. $4.43 Bln last year.
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