Quanta Services Reports First Quarter 2020 Results
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Quanta Services (PWR) Reports In-Line Q1 EPS; Offers FY20 EPS Guidance Below Consensus
May 7, 2020 7:01 AM EDTQuanta Services (NYSE: PWR) reported Q1 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.74 billion.
"Quanta is operating in unprecedented health and economic conditions, and we remain focused on the health and safety of our employees, while continuing to deliver critical infrastructure services to our customers. Quanta generated solid results in the first quarter that put us on track to meet our pre-COVID-19 pandemic full-year outlook. We ended the quarter with near record backlog and a strong balance sheet, which we... More
