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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."
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December 18, 2014
08:41 EDTTPCTutor Perini added to Top Picks list at FBR Capital
FBR Capital added Tutor Perini to its Top Picks list citing the recent weakness in the stock and reiterates an Outperform rating on the name. FBR thinks cash flow from the MGM/CityCenter settlements significantly improves Tutor's balance sheet. It has a $38 price target for the name.
06:47 EDTTPCTutor Perini initiated with an Accumulate at Global Hunter
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December 17, 2014
05:38 EDTTPCTutor Perini announces favorable legal developments
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