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Stock Market & Financial Investment News

News Breaks
May 7, 2014
07:32 EDTTPCTutor Perini reports Q1 EPS 33c, consensus 21c
Reports Q1 revenue $955.2M, consensus $1.05B. Reports Q1 backlog of $7.7B, up 38% compared to $5.5B last year. The company said, "Revenue decreased 3.8% in Q1 due primarily to decreased activity on hospitality and gaming projects in California, Arizona, Nevada, and Louisiana, which was partially offset by the ramp-up of civil and building projects at Hudson Yards in New York and a rail transportation project in California. Inclement weather in Q1 also contributed to the decreased revenue, as it impacted several projects in the northeastern U.S. The increase in net income in Q1 was due primarily to an overall increase in volume in our Civil segment, which was partially offset by Hurricane Sandy-related projects performed in 1Q13."
News For TPC From The Last 14 Days
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November 23, 2014
12:03 EDTTPCTutor Perini lead JV reaches $88.7M settlement with Massachusetts
Tutor Perini announced that the Tutor Perini-lead joint venture with partners Kiewit and Jay Cashman has reached an $88.7M settlement with the Commonwealth of Massachusetts on the Central Artery/Tunnel, C11, Project. As this litigation has ensued for 15 years, the company is pleased to finally have both the judgment and an agreement to pay in place. Payment is expected before the end of the year.
November 20, 2014
08:33 EDTTPCTutor Perini unit awarded $87M Transbay Transit Center contract
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November 12, 2014
08:05 EDTTPCGoldman to hold a conference
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