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Primoris Services: Q3 Earnings Snapshot
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DALLAS (AP) — DALLAS (AP) — Primoris Services Corp. (PRIM) on Tuesday reported third-quarter net income of $51.3 million.

The Dallas-based company said it had net income of 95 cents per share. Earnings, adjusted for one-time gains and costs, were $1.20 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The construction contractor posted revenue of $1.95 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.04 billion.

Primoris Services expects full-year earnings in the range of $2.10 to $2.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRIM at https://www.zacks.com/ap/PRIM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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