HOUSTON (AP) _ Quanta Services Inc. (PWR) on Thursday reported first-quarter net income of $89.8 million.

On a per-share basis, the Houston-based company said it had profit of 62 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The specialty contractor for utility and energy companies posted revenue of $2.7 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $2.76 billion.

Quanta Services expects full-year earnings in the range of $4.12 to $4.57 per share, with revenue in the range of $12.05 billion to $12.35 billion.

Quanta Services shares have risen 35% since the beginning of the year, while the S&P's 500 index has increased 11%. The stock has more than doubled 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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