Tutor Perini (TPC) Tops Q3 EPS by 4c

Tutor Perini (NYSE: TPC) reported Q3 EPS of $0.73, $0.04 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.23 billion.

Tutor Perini sees FY2014 EPS of $2.20-$2.40, versus the consensus of $2.31. Tutor Perini sees FY2014 revenue of $4.5-4.7 billion, versus the consensus of $4.56 billion.

Ronald Tutor, Chairman and Chief Executive Officer, said, “I am very pleased with the Company’s third-quarter results, which were highlighted by strong revenue and backlog growth and increased operating income across all segments. This quarter marked our sixth consecutive quarter of increased backlog. With increasing demand for our services across all segments and limited competition for the larger complex projects we favor, we are well-positioned to continue our growth and success over the coming years.”

For earnings history and earnings-related data on Tutor Perini (TPC) click here.

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