Tutor Perini (TPC) came out with a quarterly loss of $1.92 per share versus the Zacks Consensus Estimate of a loss of $1.78. This compares to loss of $0.71 per share a year ago.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESSWIRE / November 1, 2024 / Tenth Avenue Petroleum Corp. ("TPC" or the "Company") (TSXV:TPC) is pleased to announce that, further to the Company's press release dated October 3, 2024, the Company has closed the first tranche of its non-brokered private placement and issued 4,170,000 Units at a price of $0.10 per unit (each a "Unit") for gross proceeds of $417,000 (the "Offering"). The second and final tranche is expected to close on or before November 30, 2024.
Tutor Perini (TPC) closed at $25.97 in the latest trading session, marking a -1.55% move from the prior day.
Tutor Perini (TPC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Recently, Zacks.com users have been paying close attention to Tutor Perini (TPC). This makes it worthwhile to examine what the stock has in store.
Tutor Perini (TPC) concluded the recent trading session at $26.86, signifying a +0.79% move from its prior day's close.
Consistent contract wins are propelling Tutor Perini's growth and enhancing its backlog. However, higher operational costs and increased expenses may pose challenges ahead.
Tutor Perini (TPC) reachead $26.36 at the closing of the latest trading day, reflecting a -0.3% change compared to its last close.
Zacks.com users have recently been watching Tutor Perini (TPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Tutor Perini's Fisk Electric is set to provide electrical and fire alarm installations for Harris Health's new hospital project in Houston.
TPC boosts backlog with a new construction contract from the Naval Facilities Engineering Systems Command, Pacific District.
Share price jumped by nearly 200% YTD, mainly driven by strong fundamentals, despite ongoing legacy disputes and cost overruns in the specialty contractors segment. Q2 2024 earnings were impacted by a $12.4 million adjustment due to settlements in the civil segment, but net income and operating income have turned positive since Q1 2024. The company has effectively reduced net debt and increased cash reserves in the past years, with a strong backlog of $10.4 billion.