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Tetra Tech Inc Lowers Q3 2013 Guidance

Tuesday, 18 Jun 2013 04:30pm EDT 

Tetra Tech Inc announced that for third quarter of 2013, revenue, net of subcontractor costs, is expected to range from $440-$490 million, and, based on these charges, diluted loss per share is expected to range from $0.30-$0.50. The charges will affect the revenue and profitability of all three reportable segments. Tetra Tech plans to incur restructuring costs associated with its Eastern Canadian and mining operations in the third quarter 2013. These costs are estimated to be approximately $50 million in the third quarter, approximately $40 million of which are non-recurring. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.37 and revenue of $549 million for the third quarter of 2013. 

Company Quote

-0.09 -0.34%
4 May 2015