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Tetra Tech Beats By A Penny – Analyst Blog

Zacks Market Commentaries (February 22nd, 2010) Writes:
Tetra Tech, Inc. (TTEK) reported earnings from continuing operations of 30 cents per share for the first quarter of 2010, beating the Zacks Consensus Estimate of 29 cents.  Revenue in the quarter was $542.0 million, down 15.1% from $638.7 million, and revenue, net of subcontractor costs, was $343.5 million, up 4.1% from $330.0 million for the same quarter last year. Income from operations was $31.1 million, up 8.7% from $28.6 million for the same quarter last year.  Backlog was $1.61 billion, up 1.8% from $1.58 billion at the end of the fourth quarter last year, and down 8.9% from $1.77 billion at the end of the first quarter last year.  Tetra Tech expects diluted EPS for the second quarter of fiscal 2010 to be in the range of 20 to 23 cents. Tetra Tech has lowered its guidance, and now expects diluted EPS to be ...

A-Power Energy Generation Systems Ltd. (APWR) Lands $90 Million Wind-Power Contract

QualityStocks (September 15th, 2009) Writes:

A-Power Energy Generation Systems Ltd., the largest provider of distributed power generation systems in China, announced today a $90.5 million contract to develop a 49.5 Megawatt wind farm in the township of Saiwusu, Guba County in Inner Mongolia. The project, the Saiwusu Wind Farm, is for the Jihe Orient Wind Energy Company Ltd., and calls for A-Power to supply the wind turbines, towers, and foundations, as well as oversee all construction, subcontracting, and installation.

Equipment procurement alone is expected to be $84.2 million, with construction and installation another $4.8 million, and miscellaneous costs adding $1.5 million. The project is due to begin in early October, with completion planned for June of 2010.

Inner Mongolia is actually a Chinese province in northern China, on China’s border with the Mongolian People’s Republic. It’s basically an inland plateau, consisting largely of vast flat prairie grasslands, conducive to wind power generation.

Mr. Jinxiang Lu,

...

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