MYR Group (MYRG) Misses Q3 EPS by 3c, Beats on Revenues

MYR Group (NASDAQ: MYRG) reported Q3 EPS of $0.31, $0.03 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $373.5 million versus the consensus estimate of $350.8 million.

Highlights

• Third quarter revenues of $373.5 million, a record high quarterly revenue
• Third quarter C&I revenues of $157.5 million, more than double third-quarter 2016
• Third quarter net income of $5.1 million, or $0.31 per diluted share
• Backlog remains strong at $701.7 million

For earnings history and earnings-related data on MYR Group (MYRG) click here.

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