EDMONTON, Alberta (AP) — EDMONTON, Alberta (AP) — Stantec Inc. (STN) on Wednesday reported second-quarter net income of $108.6 million.
On a per-share basis, the Edmonton, Alberta-based company said it had profit of 95 cents. Earnings, adjusted for non-recurring costs, came to $1.16 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The engineering firm posted revenue of $1.61 billion in the period. Its adjusted revenue was $1.29 billion, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.3 billion.
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