Tetra: Fiscal 4Q Earnings Snapshot
PASADENA, Calif. (AP) _ Tetra Tech Inc. (TTEK) on Wednesday reported fiscal fourth-quarter net income of $28.8 million.
On a per-share basis, the Pasadena, California-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring costs, came to 75 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The consulting and engineering services company posted revenue of $739.3 million in the period. Its adjusted revenue was $552.7 million, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $571.7 million.
For the year, the company reported profit of $136.9 million, or $2.42 per share. Revenue was reported as $2.2 billion.
For the current quarter ending in January, Tetra said it expects revenue in the range of $525 million to $575 million.
The company expects full-year earnings to be $2.75 to $2.95 per share, with revenue ranging from $2.2 billion to $2.4 billion.
Tetra shares have increased 43 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68.81, a rise of 41 percent in the last 12 months.