Tutor Perini Q4 Profit Down

(RTTNews) - Tutor Perini Corp. (TPC) Wednesday reported fourth-quarter net income of $33.26 million or $0.68 per share, compared to $41.6 million or $0.86 per share last year.

Revenues dropped to $1.099 billion from $1.114 billion last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.61 per share on revenues of $1.16 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2014, the company expects earnings of $2.20 to $2.40 per share and revenue of $4.5 billion to $5.0 billion. Analysts currently expect earnings of $2.45 per share on revenues of $4.57 billion.