Tetra Tech Q1 Profit Rises - Quick Facts

(RTTNews) - Tetra Tech Inc. (TTEK) Wednesday reported first-quarter profit of $27.32 million or $0.42 per share, up from $26.22 million or $0.41 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues, net of subcontractor costs, totaled $483.0 million, down from $497.2 million last year. Analysts expected revenues of $497.89 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.37 to $0.42 per share, with revenues ranging between $450 million and $500 million.

Analysts currently expect the company to earn $0.42 per share on revenues of $531.76 million.

For the fiscal 2014, the company continues to project earnings in the range of $1.60 to $1.80 per share, with cash EPS ranging between $2.30 and $2.60 per share.

Revenues are projected in a range of $2.1 billion to $2.3 billion. Analysts currently expect the company to report full-year earnings of $1.75 per share on revenues of $2.15 billion.