UPDATE: Quanta Services Reports Upbeat Q2 Earnings

Quanta Services Inc PWR released its results for the second quarter on Wednesday. Quanta Services reported its quarterly net income at $34.3 million, or $0.15 per share, versus income of $33.3 million, or $0.16 per share, in the year-earlier period. Excluding items, its earnings came in at $0.19 per share. Its revenue climbed 16% y/y to $1.01 billion, from $870.5 million. However, analysts were expecting earnings of $0.15 per share on revenue of $955.4 million. Quanta Services expects full-year revenue between $4.3 billion and $4.6 billion and earnings between $0.80 and $0.90 per share. Quanta Services shares gained 1.50% to $17.33 in after-hours trading.