From Reuters:
* Q4 adj EPS $0.21 vs est. EPS $0.17* Q4 rev up 7 pct
* Sees weak Q1
* Expects recovery in H2 2010
* Shares rise 8 pct
Feb 22 (Reuters) - Utility contractor Quanta Services Inc (PWR.N) reported better-than-expected quarterly results, helped by higher revenue from its natural gas and pipeline segment, but forecast a challenging first quarter for 2010.
The company, however, said it expects a meaningful recovery in the second half of 2010 with a modest increase in customer spending.
For the fourth quarter ended Dec. 31, the company reported earnings of $43.9 million, or 21 cents a share, compared with earnings of $46.5 million, or 24 cents a share, in the year-ago period.
Revenue rose 7 percent to $985.4 million....MORE
