Quanta Services Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - Quanta Services Inc. (PWR) released a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $305.12 million, or $2.03 per share. This compares with $210.91 million, or $1.42 per share, last year.

Excluding items, Quanta Services Inc. reported adjusted earnings of $442.16 million or $2.94 per share for the period.

Analysts on average had expected the company to earn $2.62 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.3% to $6.553 billion from $5.783 billion last year.

Quanta Services Inc. earnings at a glance (GAAP) :

-Earnings: $305.12 Mln. vs. $210.91 Mln. last year. -EPS: $2.03 vs. $1.42 last year. -Revenue: $6.553 Bln vs. $5.783 Bln last year.