Sterling Infrastructure Q3 Earnings Beat Estimates, Revenue Tops Forecasts

Sterling Infrastructure, Inc. (STRL) on Wednesday reported third-quarter profit of $214.9 million, or $6.92 per share, surpassing Wall Street expectations. Adjusted earnings, excluding one-time gains and costs, came to $7.58 per share, well above the $6.07 per share average estimate of eight analysts surveyed by Zacks Investment Research. The Woodlands, Texas-based civil construction company posted revenue of $1.56 billion for the period, topping the $1.17 billion forecast from seven analysts. Sterling expects full-year earnings of $21.70 to $21.96 per share on revenue of $4.63 billion to $4.73 billion.