HOUSTON (AP) _ Quanta Services Inc. (PWR) on Thursday reported third-quarter net income of $162.9 million.

On a per-share basis, the Houston-based company said it had profit of $1.13. Earnings, adjusted for one-time gains and costs, came to $1.40 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The specialty contractor for utility and energy companies posted revenue of $3.02 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $3.01 billion.

Quanta Services expects full-year earnings in the range of $3.52 to $3.64 per share, with revenue in the range of $11.1 billion to $11.3 billion.

Quanta Services shares have climbed 50% since the beginning of the year, while the Standard & Poor's 500 index has increased 1%. The stock has climbed 45% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWR at https://www.zacks.com/ap/PWR

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