THE WOODLANDS, Texas (AP) 鈥� THE WOODLANDS, Texas (AP) 鈥� Sterling Infrastructure, Inc. (STRL) on Monday reported first-quarter earnings of $96 million.
The The Woodlands, Texas-based company said it had net income of $3.09 per share. Earnings, adjusted for one-time gains and costs, were $3.59 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The civil construction company posted revenue of $825.7 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $585.4 million.
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