Investing.com - SNC-Lavalin Group Inc . (TSX:SNC) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$1.24 on revenue of C$2.43B. Analysts polled by Investing.com forecast EPS of C$0.35 on revenue of C$2.25B. That compared to EPS of C$0.71 on revenue of C$2.56B in the same period a year earlier. The company had reported EPS of C$-1.71 on revenue of C$2.28B in the previous quarter.
SNC-Lavalin Group shares gained 17.62% to trade at C$23.23 in intra-day trade following the report.
For the year, SNC-Lavalin Group shares are up 15.84%, broadly in line with the S&P/TSX which is up 16% year to date.
SNC-Lavalin Group follows other major Capital Goods sector earnings this month
On Thursday, October 24, 2019, Celestica Inc. reported third quarter EPS of C$0.17 on revenue of C$1.98B, compared to forecasts of EPS of C$0.16 on revenue of C$1.9B.
North American Construction earnings beat analyst's expectations on Tuesday, with third quarter EPS of C$0.26 on revenue of C$166.27M. Investing.com analysts expected EPS of C$0.22 on revenue of C$166.43M
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