Shares of Tutor Perini (TPC) jumped 7.91% in after-hours trading on Wednesday, following the release of the company's impressive first-quarter 2025 financial results and an upward revision of its full-year earnings guidance.
The construction company reported robust financial performance for Q1 2025, with earnings per share (EPS) coming in at $0.53. Tutor Perini's revenue for the quarter reached $1.25 billion, while net income stood at $42.75 million. The company's gross profit for the period was $134.40 million, indicating strong operational efficiency.
In a statement accompanying the results, Tutor Perini announced that it has raised its 2025 EPS guidance, signaling management's confidence in the company's future performance. This combination of strong current results and improved future outlook appears to have resonated well with investors, driving the significant after-hours stock price increase.
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