Stantec: 3Q Earnings Snapshot
EDMONTON, Alberta (AP) _ Stantec Inc. (STN) on Wednesday reported third-quarter net income of $43.5 million, after reporting a loss in the same period a year earlier.
The Edmonton, Alberta-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The engineering firm posted revenue of $933.8 million in the period. Its adjusted revenue was $716.5 million.
Stantec shares have declined 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.60, a drop of 18% in the last 12 months.