Quanta Services Reaches 52-Week High After Q3 Earnings and Revenue Beats

quantaservices.com Quanta Services (NYSE: PWR) delivered a quarter that justified its elevated valuation. The infrastructure contractor beat on both earnings and revenue this morning, posting adjusted EPS of $3.33 against a $3.26 estimate and revenue of $7.63 billion versus $7.42 billion expected. The stock rose 2.1% in early trading, reaching a new 52-week high as investors absorbed record backlog and accelerating Electric segment demand. Electric Segment Powers Growth Revenue climbed 17.5% year over ye ...