NORWALK, Conn. (AP) — Emcor Group Inc. (EME) on Thursday reported third-quarter net income of $79.4 million.
The Norwalk, Connecticut-based company said it had profit of $1.35 per share. Earnings, adjusted to account for discontinued operations, were $1.36 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The construction and maintenance company posted revenue of $2.05 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.95 billion.
Emcor Group expects full-year earnings to be $4.75 to $4.90 per share, with revenue expected to be $7.9 billion.
Emcor Group shares have fallen 18 percent since the beginning of the year. The stock has dropped 4.5 percent in the last 12 months.