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Quanta Services Q3 Revenue Jumps 57.4% as Earnings Beat Estimates

Non-GAAP EPS reached $6.06, beating estimates by $1.03. Remaining performance obligations were $41.8 billion, and total backlog was $63.7 billion.

A heavy power cable curves beside a ceramic transmission insulator / TokenPost.ai
A heavy power cable curves beside a ceramic transmission insulator / TokenPost.ai

Quanta Services’ third-quarter revenue climbed 57.4% year over year to $12.01 billion, while non-GAAP earnings per share topped estimates and shares rose in premarket trading.

Non-GAAP EPS was $6.06, beating estimates by $1.03. Revenue exceeded estimates by $1.03 billion.

Remaining performance obligations totaled $41.8 billion, and total backlog stood at $63.7 billion.

Shares rose 2% in premarket trading Thursday, Oct. 29.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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