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Tetra Tech Fiscal Q2 Earnings, Revenue Rise; Ups 2024 Outlook
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Tetra Tech Fiscal Q2 Earnings, Revenue Rise; Ups 2024 Outlook
May 1, 2024 3:03 PM

05:45 PM EDT, 05/01/2024 (MT Newswires) -- Tetra Tech (TTEK) reported fiscal Q2 adjusted earnings Wednesday of $1.42 per diluted share, up from $1.06 a year earlier.

Analysts polled by Capital IQ expected earnings of $1.30.

Revenue for the quarter ended March 31 rose to $1.25 billion from $1.16 billion a year earlier. Analysts surveyed by Capital IQ expected $1.03 billion.

For fiscal Q3, the company expects earnings between $1.50 and $1.55 per share on revenue of $1.05 billion to $1.10 billion. Analysts polled by Capital IQ expected $1.50 on revenue of $1.07 billion.

For fiscal 2024, the company raised its earnings guidance to between $6.15 and $6.25 from $5.90 to $6.20 previously. Analysts surveyed by Capital IQ expected $6.09.

Tetra Tech also raised its fiscal 2024 revenue outlook to between $4.21 billion and $4.31 billion from $4.15 billion to $4.30 billion previously. Analysts expected $4.25 billion.

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