Quanta Services Up 7% on Earnings Beat

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Shares of Quanta Services ( PWR ) are up almost 7% to $28.89 on better-than-expected earnings.

PWR reported Q1 2013 EPS of $0.38, $0.09 better than the analyst estimate of $0.29. Revenue for the Q1 2013 quarter came in at $1.59 billion versus the consensus estimate of $1.4 billion. Net income rose 57% to $75.08 million.

The company expects Q2 2013 EPS of $0.35-0.37, versus the consensus of $0.34, and Q2 2013 revenue of $1.45-1.55 billion, versus the consensus of $1.50 billion.


PWR is trading within a 52-week range of $21.15 - $29.94.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: PWR

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