THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Sterling Infrastructure, Inc. (STRL) on Monday reported second-quarter net income of $71 million.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of $2.31. Earnings, adjusted for one-time gains and costs, came to $2.69 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The civil construction company posted revenue of $614.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $555.1 million.
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