Market Intelligence

Tetra Tech Inc Q1 adjusted earnings Beat Estimates

(RTTNews.com) - Tetra Tech Inc ( TTEK ) revealed a profit for first quarter that decreased from the same period last year.

The company's earnings totaled $42.0 million, or $0.75 per share. This compares with $46.03 million, or $0.81 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.6% to $717.43 million from $759.75 million last year.

Tetra Tech Inc earnings at a glance:

-EPS (Q1): $0.70 vs. $0.65 last year. -Analysts Estimate: $0.62 -Revenue (Q1): $717.43 Mln vs. $759.75 Mln last year.

-Guidance:

Next quarter EPS guidance: $0.61 to $0.66 Next quarter revenue guidance: $520 to $570 million Full year EPS guidance: $2.80 to $2.95. Full year revenue guidance: $2.2 to $2.4 billion

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