MYR: 3Q Earnings Snapshot
ROLLING MEADOWS, Ill. (AP) _ MYR Group Inc. (MYRG) on Wednesday reported third-quarter earnings of $10.4 million.
The Rolling Meadows, Illinois-based company said it had profit of 62 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The electrical construction services provider posted revenue of $583.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $508.4 million.
MYR shares have climbed 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.23, a decrease of slightly more than 2% in the last 12 months.