Tutor Perini Reports Fourth Quarter and Full Year 2019 Results
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Tutor Perini (TPC) Misses Q4 EPS by $1.82, Revenues Miss
February 26, 2020 4:26 PM ESTTutor Perini (NYSE: TPC) reported Q4 EPS of ($1.71), $1.82 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.34 billion.
Revenue for the fourth quarter and full year of 2019 was $1.2 billion and $4.5 billion, respectively, both of which are comparable to revenue for the same periods last year. Revenue for both periods of 2019 was favorably impacted by higher volume on certain Civil segment projects but was mostly offset by a $123.9 million revenue impact associated with the SR 99 charge addressed below. Despite the SR 99 revenue reduction, Civil segment... More
