Tutor Perini Reports Second Quarter 2019 Results
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Tutor Perini (TPC) Misses Q2 EPS by 29c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus
August 8, 2019 4:20 PM EDTTutor Perini (NYSE: TPC) reported Q2 EPS of $0.18, $0.29 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.18 billion.
Backlog at $11.4 billion, up 31% Y/Y; strong double-digit backlog growth across all segmentsOperating cash was $13.3 million, in line with expectations; anticipating substantially greater operating cash generation in the second half of 2019We are... More
