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While reporting financial results for the third quarter on Thursday, EMCOR Group, Inc. (EME) raised its adjusted earnings and revenue guidance for the full-year 2020, based on year-to-date performance, current operating conditions and visibility into the remainder of the year.


RTTNews | Oct 29, 2020 10:13AM EDT

10:13 Thursday, October 29, 2020 (RTTNews.com) - While reporting financial results for the third quarter on Thursday, EMCOR Group, Inc. (EME) raised its adjusted earnings and revenue guidance for the full-year 2020, based on year-to-date performance, current operating conditions and visibility into the remainder of the year.

For fiscal 2020, the company now projects adjusted earnings in a range of $5.90 to $6.10 per share on revenues of about $8.7 billion.

Previously, the company expected adjusted earnings in the range of $5.00 to $5.50 per share on revenues between $8.6 billion and $8.7 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.37 per share on revenues of $8.67 billion for the year. Analysts' estimates typically exclude special items.

Read the original article on RTTNews ( https://www.rttnews.com/3140912/emcor-group-boosts-fy20-adj-eps-outlook-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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