Primoris Services: Q3 Earnings Snapshot

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