MYR Group Shares Rise After Higher Q1 Earnings, Revenue

MT Newswires Live
02 May

MYR Group (MYRG) shares jumped 17% in recent Thursday trading after the company reported higher Q1 earnings and revenue that topped expecations.

The company reported Q1 earnings late Wednesday of $1.45 per diluted share, up from $1.12 a year earlier.

Analysts polled by FactSet expected $1.20.

Revenue for the quarter ended March 31 was $833.6 million, up from $815.6 million a year earlier.

Analysts forecast sales of $785.9 million.

Price: 143.14, Change: +20.82, Percent Change: +17.02

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