Tutor Perini awarded two modernization contracts for $225M by MTA NYC Transit Tutor Perini has recently been awarded two signal system modernization contracts by MTA New York City Transit. These two projects totaling $225.5M will rehabilitate and modernize the signal systems at existing interlockings on the Queens Line. Both projects are expected to start this month and completion is expected in Q1 2017.
Tutor Perini re-evaluating prior FY15 EPS guidance of $1.90-$2.10 Tutor Perini remarked in its Q3 earnings report that it is "re-evaluating its prior 2015 diluted EPS guidance in light of the litigation-related charge, the year-to-date results and the outlook for the remainder of the year." Prior FY15 EPS guidance was $1.90-$2.10, consensus $1.79. Backs FY15 revenue $5B-$5.5B, consensus $5.19B. Note that the "litigation-related charge" resulted in a 28c per share negative impact to Q3 EPS.