Emcor Group: 2Q Earnings Snapshot
NORWALK, Conn. (AP) _ Emcor Group Inc. (EME) on Tuesday reported second-quarter net income of $84 million.
The Norwalk, Connecticut-based company said it had net income of $1.49 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The construction and maintenance company posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.09 billion.
Emcor Group expects full-year earnings to be $5.50 to $5.75 per share, with revenue in the range of $8.8 billion to $8.9 billion.
Emcor Group shares have climbed 41% since the beginning of the year. The stock has climbed 10% in the last 12 months.