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EARNINGS SUMMARY: Details of Quanta Services Inc. Q2 Earnings Report

Below are the earnings highlights for Quanta Services Inc. (PWR):

-Net Income: $56.34 Mln in Q2 vs. $93.34 Mln in the same period last year.

-EPS: $0.26 in Q2 vs. $0.42 in the same period last year.

-Analysts projected $0.44 per share

-Revenue: $1.87 Bln in Q2 vs. $1.84 Bln in the same period last year.

-Guidance:

Next quarter EPS guidance: $0.34 - $0.40

Next quarter revenue guidance: $1.9 - $2.0 Bln

Full year EPS guidance: $1.32 - $1.47

Full year revenue guidance: $7.5 - $7.7 Bln

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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