Quanta Services Tops Quarterly Profit Estimates, Ups Annual Forecast

Quanta Services Tops Quarterly Profit Estimates, Ups Annual Forecast

Reuters | May 1, 2025 | 05:33 PM IST | Business | Follow on Google News

Quanta Services Tops Quarterly Profit Estimates, Ups Annual Forecast

Energy contractor Quanta Services (PWR.N), beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services.

The company now expects its adjusted profit for 2025 to be in the range of $10.05 to $10.65 per share, compared with its prior forecast of $9.90 to $10.50.

Analysts on an average expected profit of $10.17 per share, according to data compiled by LSEG.

Quanta posted quarterly adjusted profit of $1.78 per share, compared with analysts’ estimates of $1.67 according to data compiled by LSEG.

Revenue for the quarter ended March 31 was $6.23 billion, above analysts’ average estimate of $5.86 billion.

Reporting by Aatreyee Dasgupta and Anshuman Tripathy in Bengaluru; Editing by Krishna Chandra Eluri

Reuters