Quanta lifts annual revenue forecast on strong US power demand
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Quanta Services raised its annual revenue forecast to $27.8-$28.2 billion, up from $27.4-$27.9 billion, driven by strong U.S. power demand. The company reported a quarterly adjusted profit of $3.33 per share, exceeding estimates of $3.26, with revenue rising 17.5% to $7.63 billion, surpassing expectations of $7.39 billion. Quanta also narrowed its annual profit forecast to $10.33-$10.83 per share, maintaining a midpoint of $10.58, in line with analyst estimates.
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