Quanta Services: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:34 AM ET
Last Updated - Jun 22, 2023, 08:01 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Quanta Services Inc. (PWR) on Thursday reported fourth-quarter earnings of $162.6 million.
On a per-share basis, the Houston-based company said it had net income of $1.10. Earnings, adjusted for one-time gains and costs, were $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The specialty contractor for utility and energy companies posted revenue of $4.42 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $4.27 billion.
