05:40 PM EDT, 08/05/2024 (MT Newswires) -- Primoris Services ( PRIM ) reported Q2 adjusted net income late Monday of $1.04 per diluted share, up from $0.80 a year earlier.

Analysts polled by Capital IQ expected $0.86.

Revenue for the quarter ended June 30 rose to $1.56 billion from $1.41 billion a year earlier.

Analysts polled by Capital IQ expected $1.53 billion.

For 2024, the company raised its projected adjusted EPS to $3.25 to $3.45 from $3.05 to $3.25 previously.

Analysts polled by Capital IQ expect $3.20.

Shares of the company rose about 5.1% in after-hours activity.

Price: 50.50, Change: +2.47, Percent Change: +5.14