Tetra: Fiscal 3Q Earnings Snapshot
PASADENA, Calif. (AP) _ Tetra Tech Inc. (TTEK) on Wednesday reported fiscal third-quarter net income of $49.2 million.
The Pasadena, California-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring costs, came to 89 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The consulting and engineering services company posted revenue of $825.8 million in the period. Its adjusted revenue was $623.2 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $605.4 million.
For the current quarter ending in September, Tetra expects its per-share earnings to range from 82 cents to 87 cents.
The company said it expects revenue in the range of $610 million to $650 million for the fiscal fourth quarter.
Tetra expects full-year earnings in the range of $3.10 to $3.15 per share, with revenue ranging from $2.37 billion to $2.41 billion.
Tetra shares have climbed 53% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $79.20, a climb of 30% in the last 12 months.