HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported second-quarter net income of $229.3 million.
The Houston-based company said it had net income of $1.52 per share. Earnings, adjusted for one-time gains and costs, came to $2.48 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The specialty contractor for utility and energy companies posted revenue of $6.77 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $6.55 billion.
Quanta Services expects full-year earnings in the range of $10.28 to $10.88 per share, with revenue in the range of $27.4 billion to $27.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWR at https://www.zacks.com/ap/PWR
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