Tutor Perini (TPC) Reports Q3 EPS of $0.42, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus

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Go back to Tutor Perini (TPC) Reports Q3 EPS of $0.42, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus

Tutor Perini Reports Third Quarter 2018 Results

November 7, 2018 4:15 PM EST

Backlog up 14% year-over-year to $8.5 billion, with growth across all three segments Cash flow from operations of $27.6 million

LOS ANGELES--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today reported results for the three months ended September 30, 2018. Revenue for the third quarter of 2018 was $1.1 billion, down 6% compared to $1.2 billion for the third quarter of last year. The decrease was driven by the completion of a large technology office project in California. Revenue and income from... More