Tetra Tech Inc. (TTEK) Halted, News Pending

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Brean Capital Downgrades Tetra Tech (TTEK) to Hold

June 19, 2013 7:23 AM EDT

Brean Capital downgraded Tetra Tech (NASDAQ: TTEK) from Buy to Hold. Analyst Michael Gaugler thinks the recent Q3 pre-announcement clouds near-term outlook.

"Tetra Tech's pre-announcement after the close yesterday implies that it will be several quarters before the company regains its footing in terms... More

Tetra Tech (TTEK) to resume trading at 5:00pm ET

June 18, 2013 4:42 PM EDT

Tetra Tech, Inc. (Nasdaq: TTEK) to resume trading at 5:00pm EDT.... More

Tetra Tech (TTEK) Sees Increased Costs in Q3; Approves $100M Buyback

June 18, 2013 4:31 PM EDT

Tetra Tech, Inc. (NASDAQ: TTEK) announced today an update of its third quarter 2013 outlook to reflect increased restructuring costs resulting from the previously announced weakness in Eastern Canada and mining, and new findings on certain project claims.

Tetra Tech plans to incur restructuring costs associated with its Eastern Canadian and mining operations in the third quarter 2013. These costs are now estimated to be approximately $50 million in the third quarter, approximately $40 million of which are non-recurring. This increase is principally related to increased severance and office closure costs to downsize these operations due... More