Quanta Services Q4 Profit Rises, Sees Q1 Above View - Quick Facts

(RTTNews.com) - Quanta Services, Inc. ( PWR ) Thursday reported fourth-quarter profit of $102.01 million, up from $70.81 million in the same period last year.

Net income from continuing operations totaled $105.37 million or $0.48 per share, up from $63.21 million or $0.28 per share last year.

Fourth-quarter earnings included a loss of $3.36 million or $0.02 per share from discontinued operations, compared to a gain of $7.60 million or $0.04 per share last year.

Net income attributable to common stock increased to $98.99 million or $0.46 per share from $66.31 million or $0.32 per share last year.

Adjusted earnings from continuing operations totaled $109.03 million or $0.51 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $1.67 billion, up from $1.39 billion last year. Analysts expected revenues of $1.59 billion.

Looking ahead to the first quarter, the company has forecast earnings from continuing operations in a range of $0.28 to $0.30 per share, with adjusted earnings ranging between $0.31 and $0.33 per share.

Revenues are projected in a range of $1.3 billion to $1.4 billion. Analysts currently expect the company to earn $0.27 per share, on first-quarter revenues of $1.45 billion.

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