THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Sterling Infrastructure, Inc. (STRL) on Monday reported second-quarter net income of $155.8 million.
The The Woodlands, Texas-based company said it had profit of $5 per share. Earnings, adjusted for one-time gains and costs, were $5.80 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.
The civil construction company posted revenue of $1.17 billion in the period.
Sterling Infrastructure expects full-year earnings in the range of $19.70 to $20.30 per share, with revenue in the range of $4 billion to $4.15 billion.
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