SNC-Lavalin Group reports $120.7M Q3 profit, up from $103.6M a year ago

SNC-Lavalin Group reports $120.7M Q3 profit, up from $103.6M a year ago
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MONTREAL — SNC-Lavalin Group Inc. reported a third-quarter profit of $120.7 million, up from $103.6 million a year ago.

The engineering and construction firm says the profit amounted to 69 cents per share for the three-month period ended Sept. 30, up from a profit of 59 cents per share a year earlier.

Revenue totaled $2.56 billion, down from $2.63 billion in the third quarter of last year.

On an adjusted basis, SNC says it earned 96 cents per share for the quarter, up from an adjusted profit of 78 cents per share in the third quarter of 2017.

Thomson Reuters Eikon says analysts on average had expected a profit of 67 cents per share.

In its outlook, SNC says it expects an adjusted profit of $3.60 to $3.85 per diluted share for 2018.

Companies in this story: (TSX:SNC)

The Canadian Press



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