Tetra Tech Inc Reveals 45% Drop In Q2 Earnings

(RTTNews) - Tetra Tech Inc (TTEK) revealed earnings for second quarter that retreated compared to the same period last year.

The company said its earnings came in at $16.65 million, or $0.06 per share. This was down from $30.40 million, or $0.31 per share, in last year's second quarter.

The company said revenue for the quarter rose 10.6% to $478.77 million. This was up from $432.75 million last year.

Tetra Tech Inc earnings at a glance:

-Earnings (Q2): $16.65 Mln. vs. $30.40 Mln. last year. -Earnings Decline (Y-o-Y): -45.2% -EPS (Q2): $0.06 vs. $0.31 last year. -EPS Decline (Y-o-Y): -80.6% -Revenue (Q2): $478.77 Mln vs. $432.75 Mln last year. -Revenue Change (Y-o-Y): 10.6%

-Guidance: Next quarter EPS guidance: $0.47 - $0.52 Next quarter revenue guidance: $475 - $525 Mln Full year EPS guidance: $1.80 - $1.95 Full year revenue guidance: $1.8 - $2.0 Bln