FBR Capital Downgrades Quanta Services (PWR) to Market Perform
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Quanta Services Announces Preliminary Third Quarter Results
October 16, 2015 6:37 AM EDTHOUSTON, Oct. 16, 2015 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that after an initial review of its third quarter operating results, the company now expects revenues slightly below the midpoint of its previously announced range of $1.9 billion to $2.0 billion and expects diluted earnings per share from continuing operations of $0.22 to $0.24. This compares to the company's previous expectation that diluted earnings per share from continuing operations would range between $0.34 and $0.40. In addition, Quanta expects several of the factors which adversely impacted the company's third quarter results to continue and adversely impact the... More
