Tetra Tech Inc Profit Falls 10% In Q1

(RTTNews) - Tetra Tech Inc (TTEK) revealed earnings for first quarter that retreated from last year.

The company said its profit came in at $32.93 million, or $0.39 per share. This was lower than $36.61 million, or $0.41 per share, in last year's first quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $420.96 million. This was down from $437.08 million last year.

Tetra Tech Inc earnings at a glance:

-Earnings (Q1): $32.93 Mln. vs. $36.61 Mln. last year. -Earnings Decline (Y-o-Y): -10.1% -EPS (Q1): $0.39 vs. $0.41 last year. -EPS Decline (Y-o-Y): -4.9% -Analysts Estimate: $0.39 -Revenue (Q1): $420.96 Mln vs. $437.08 Mln last year. -Revenue Change (Y-o-Y): -3.7%

-Guidance: Next quarter EPS guidance: $0.33 - $0.38 Next quarter revenue guidance: $425 - $475 Mln Full year EPS guidance: $1.75 - $1.95 Full year revenue guidance: $1.8 - $2.0 Bln