EDMONTON, Alberta (AP) — EDMONTON, Alberta (AP) — Stantec Inc. (STN) on Wednesday reported first-quarter profit of $69.7 million.
On a per-share basis, the Edmonton, Alberta-based company said it had net income of 61 cents. Earnings, adjusted for non-recurring costs, came to 81 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The engineering firm posted revenue of $1.34 billion in the period. Its adjusted revenue was $1.08 billion, which met Street forecasts.
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