Tetra Tech Q1 Profit Decreases - Quick Facts

(RTTNews) - Tetra Tech, Inc. (TTEK) reported first-quarter net income to company of $25.58 million or $0.41 per share, compared to $27.32 million or $0.42 per share, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $581.06 million from $645.85 million last year. Analysts expected revenue of $454.33 million for the quarter.

Tetra Tech expects EPS for the second quarter to be in the range of $0.28 to $0.32. Revenue, net of subcontractor costs, for the second quarter is expected to range from $400 million to $450 million. Analysts expect the company to report second-quarter earnings per share of $0.36 on revenue of $449.55 million.

For fiscal 2015, Tetra Tech updated its guidance. EPS is now expected to range from $1.55 to $1.70. Cash EPS is expected to range from $2.30 to $2.55. Revenue, net of subcontractor costs, for fiscal 2015 is expected to range from $1.70 billion to $1.85 billion. Analysts expect the company to report fiscal year earnings per share of $1.65 on revenue of $1.86 billion.