Stantec: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:12 AM ET
Last Updated - Jun 22, 2023, 08:07 PM EDT
EDMONTON, Alberta (AP) — EDMONTON, Alberta (AP) — Stantec Inc. (STN) on Wednesday reported fourth-quarter net income of $54.1 million.
On a per-share basis, the Edmonton, Alberta-based company said it had net income of 49 cents. Earnings, adjusted for non-recurring costs, came to 60 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The engineering firm posted revenue of $1.11 billion in the period. Its adjusted revenue was $832.7 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $839.1 million.
