Tetra: Fiscal 1Q Earnings Snapshot
PASADENA, Calif. (AP) _ Tetra Tech Inc. (TTEK) on Wednesday reported fiscal first-quarter earnings of $42 million.
The Pasadena, California-based company said it had net income of 75 cents per share. Earnings, adjusted for pretax gains, came to 70 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The consulting and engineering services company posted revenue of $717.4 million in the period. Its adjusted revenue was $553.4 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $560.3 million.
For the current quarter ending in April, Tetra said it expects revenue in the range of $520 million to $570 million.
The company expects full-year earnings in the range of $2.80 to $2.95 per share, with revenue ranging from $2.2 billion to $2.4 billion.
Tetra shares have decreased 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $50.22, a rise of slightly more than 1 percent in the last 12 months.