HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported fourth-quarter profit of $315.5 million.
On a per-share basis, the Houston-based company said it had profit of $2.08. Earnings, adjusted for one-time gains and costs, came to $3.16 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3 per share.
The specialty contractor for utility and energy companies posted revenue of $7.84 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $7.28 billion.
For the year, the company reported profit of $1.03 billion, or $6.80 per share. Revenue was reported as $28.48 billion.
Quanta Services expects full-year earnings in the range of $12.65 to $13.35 per share, with revenue in the range of $33.25 billion to $33.75 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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