Tetra Tech Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Tetra Tech Inc (TTEK) announced earnings for fourth quarter that decreased from the same period last year.

The company's profit totaled $43.29 million, or $0.51 per share. This compares with $54.65 million, or $0.60 per share, in last year's fourth quarter.

Excluding items, Tetra Tech Inc reported adjusted earnings of $61.83 million or $0.75 per share for the period.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.6% to $739.34 million from $735.19 million last year.

Tetra Tech Inc earnings at a glance:

-Earnings (Q4): $61.83 Mln. vs. $56.83 Mln. last year.
-EPS (Q4): $0.75 vs. $0.63 last year.
-Analysts Estimate: $0.74
-Revenue (Q4): $739.34 Mln vs. $735.19 Mln last year.

Next quarter EPS guidance: $0.60 to $0.65
Next quarter revenue guidance: $525 to $575 million
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