Stantec (STN) Tops Q2 EPS by 23c, Revenues Beat

Stantec (NYSE: STN) reported Q2 EPS of $0.58, $0.23 better than the analyst estimate of $0.35. Revenue for the quarter came in at $863.3 million versus the consensus estimate of $693.81 million.

“Our Consulting Services business continues to perform well. We’re focusing on our long-term strategy, meeting targets, growing organically, and reducing costs,” explains Stantec president and chief executive officer, Gord Johnston. “Though we believe that our core Construction Services business is solid, several legacy projects continued to negatively impact results. We have placed a hold on hard-bid projects outside our area of expertise, we are winding down our exposure to the UK waste-to-energy market, and we continue to make positive progress on our strategic review.”

For earnings history and earnings-related data on Stantec (STN) click here.

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