Tutor Perini: Q2 Earnings Insights

Shares of Tutor Perini TPC moved higher by 3.83% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 105.56% year over year to $0.37, which missed the estimate of $0.41.

Revenue of $1,276,000,000 rose by 13.42% year over year, which beat the estimate of $1,240,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.tutorperini.com%2Fevents-calendar%2Fupcoming-events%2Fdefault.aspx&eventid=2402230&sessionid=1&key=59B278AE8FE175DC652A46BD9232C5A3&regTag=&sourcepage=register

Technicals

52-week high: $19.48

Company's 52-week low was at $2.61

Price action over last quarter: Up 61.89%

Company Overview

Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.