Quanta Services Reports Third Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Quanta Services (PWR) Tops Q3 EPS by 31c, Revenues Beat; Raises FY20 EPS Guidance, Provides FY20 Revenue Outlook
October 29, 2020 7:14 AM EDTQuanta Services (NYSE: PWR) reported Q3 EPS of $1.40, $0.31 better than the analyst estimate of $1.09. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $3.01 billion.
Third Quarter Consolidated Revenues of $3.0 BillionRecord Quarterly GAAP Diluted EPS from Cont. Operations of $1.13 and RecordAdjusted Diluted EPS of $1.40Third Quarter Cash Flow from Operating Activities of $114.9 millionRemaining Performance Obligations of $4.4 Billion and Record Total Backlog of $15.1 BillionRaising 2020 Net Income, EBITDA and Earnings Per Share Expectations"Quanta's third quarter results exceeded our expectations, driven by strong margins from both... More
