Tetra Tech (TTEK) Q4 Earnings Top Estimates, Revenues Miss
Zacks Investment Research | Nov 07, 2018 09:45PM ET
Tetra Tech Inc. (NASDAQ:TTEK) reported fourth-quarter fiscal 2018 adjusted earnings from ongoing operations of 75 cents, beating the Zacks Consensus Estimate of 74 cents. The figure came within the company’s earlier guided range of 70-75 cents.
The technical services company’s adjusted earnings reflected growth of 19% from the prior-year quarter figure of 63 cents. Its bottom line benefited from top-line growth on the back of solid demand for its high-end consulting and engineering services.
For fiscal 2018, the company’s ongoing earnings per share came in at $2.64, which met the guided range of $2.59-$2.64 and was up a robust 24% year over year, driven by impressive sales performance.
Top-Line Details
Revenues in the fiscal fourth quarter came in at $552.7 million, up 4% year over year. Notably, the figure came within the company’s estimated range of $550-575 million. However, the top line missed the Zacks Consensus Estimate of $572 million.
Tetra Tech, Inc. Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.